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Sumitomo Mitsui Construction Co., Ltd. ( (JP:1821) ) just unveiled an announcement.
Sumitomo Mitsui Construction Co., Ltd. announced its decision to cancel 5,792,948 treasury shares, which constitutes 3.56% of its total issued shares, pending approval of a related proposal at an extraordinary shareholders’ meeting. This move is part of a broader strategy involving share consolidation and amendments to the company’s Articles of Incorporation, aimed at optimizing its capital structure.
The most recent analyst rating on (JP:1821) stock is a Hold with a Yen641.00 price target. To see the full list of analyst forecasts on Sumitomo Mitsui Construction Co., Ltd. stock, see the JP:1821 Stock Forecast page.
More about Sumitomo Mitsui Construction Co., Ltd.
Sumitomo Mitsui Construction Co., Ltd. operates in the construction industry, providing a range of construction services and solutions. The company is listed on the Prime Market of the Tokyo Stock Exchange, indicating its significant presence in the market.
Average Trading Volume: 620,804
Technical Sentiment Signal: Buy
Current Market Cap: Yen93.15B
See more data about 1821 stock on TipRanks’ Stock Analysis page.