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TOKYO GAS Co ( (JP:9531) ) just unveiled an announcement.
Tokyo Gas Co., Ltd. announced a resolution by its Board of Directors to acquire up to 20 million of its own shares, representing 5.4% of its outstanding shares, with a total value cap of ¥80 billion. This move is part of the company’s capital policy aimed at enhancing capital efficiency and managing equity capital, potentially impacting shareholder value and market perception.
The most recent analyst rating on (JP:9531) stock is a Hold with a Yen5738.00 price target. To see the full list of analyst forecasts on TOKYO GAS Co stock, see the JP:9531 Stock Forecast page.
More about TOKYO GAS Co
Tokyo Gas Co., Ltd. operates in the energy sector, primarily focusing on the supply and distribution of natural gas. The company is a significant player in the Japanese energy market, providing essential services to both residential and commercial customers.
Average Trading Volume: 1,147,957
Technical Sentiment Signal: Buy
Current Market Cap: Yen1949.5B
Find detailed analytics on 9531 stock on TipRanks’ Stock Analysis page.