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THK Co. Completes Significant Treasury Stock Cancellation

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THK Co. Completes Significant Treasury Stock Cancellation

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The latest announcement is out from THK Co ( (JP:6481) ).

THK CO., LTD. has completed the cancellation of 10,757,100 common shares, which constituted 8.28% of its issued shares before the cancellation. This move reduces the total number of shares outstanding from 129,856,903 to 119,099,803, potentially impacting shareholder value and market perception by increasing the value of remaining shares.

The most recent analyst rating on (JP:6481) stock is a Hold with a Yen4200.00 price target. To see the full list of analyst forecasts on THK Co stock, see the JP:6481 Stock Forecast page.

More about THK Co

Average Trading Volume: 739,471

Technical Sentiment Signal: Buy

Current Market Cap: Yen450.6B

For a thorough assessment of 6481 stock, go to TipRanks’ Stock Analysis page.

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