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TOKYO ROPE MFG. CO., LTD. ( (JP:5981) ) just unveiled an update.
TOKYO ROPE MFG. CO., LTD. has announced the acquisition of 9,000 treasury shares for a total of 13,352,600 yen through market purchases on the Tokyo Stock Exchange. This move is part of a broader strategy approved by the Board of Directors to acquire up to 200,000 shares, reflecting the company’s efforts to manage its capital structure and potentially enhance 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 the production of ropes and related products. The company is listed on the Prime Market of the Tokyo Stock Exchange and is involved in acquiring treasury shares as part of its financial strategies.
Average Trading Volume: 46,944
Technical Sentiment Signal: Buy
Current Market Cap: Yen24.59B
For detailed information about 5981 stock, go to TipRanks’ Stock Analysis page.