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NIPPON GAS Co ( (JP:8174) ) just unveiled an announcement.
Nippon Gas Co., Ltd. (NICIGAS) announced its decision to repurchase up to 1.7 million of its shares, valued at a maximum of 3 billion yen, as part of its strategy to optimize the capital structure and increase shareholder equity value. This move aligns with NICIGAS’s capital policy, which aims to improve corporate value by enhancing asset returns and maintaining an appropriate capital-to-asset ratio. The company plans to distribute more than 100% of net income over a three-year plan, with an increase in dividends and a strategic share buyback.
More about NIPPON GAS Co
Nippon Gas Co., Ltd. (NICIGAS) operates in the energy sector, focusing on the distribution and sale of gas and related services. The company emphasizes enhancing return on equity and improving return on invested capital as part of its financial strategy.
YTD Price Performance: 0.76%
Average Trading Volume: 453
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1.46B
See more data about 8174 stock on TipRanks’ Stock Analysis page.
