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TOKYO ROPE MFG. CO., LTD. ( (JP:5981) ) has issued an announcement.
TOKYO ROPE MFG. CO., LTD. announced its decision to repurchase up to 100,000 shares of its common stock through the Tokyo Stock Exchange’s Off-Auction Own Share Repurchase Trading. This move is part of a broader strategy to manage its treasury stock, with a maximum acquisition price set at 152,500,000 yen. The company has also been notified by NIPPON STEEL CORPORATION of their intention to sell a portion of the company’s stock, potentially impacting the market dynamics and shareholder value.
The most recent analyst rating on (JP:5981) stock is a Buy with a Yen1583.00 price target. To see the full list of analyst forecasts on TOKYO ROPE MFG. CO., LTD. stock, see the JP:5981 Stock Forecast page.
More about TOKYO ROPE MFG. CO., LTD.
TOKYO ROPE MFG. CO., LTD. operates in the manufacturing industry, focusing on producing and selling various types of ropes and related products. The company is listed on the Prime Market of the Tokyo Stock Exchange and is known for its expertise in industrial materials.
Average Trading Volume: 46,771
Technical Sentiment Signal: Buy
Current Market Cap: Yen24.09B
See more data about 5981 stock on TipRanks’ Stock Analysis page.