Nitto Denko Completes Significant Share Repurchase

Nitto Denko ( (JP:6988) ) has provided an announcement.

Nitto Denko Corporation has announced the completion of a share repurchase program, acquiring 2,744,100 shares for approximately JPY 7.99 billion. This move, executed through the Tokyo Stock Exchange, is part of a broader strategy approved by the Board of Directors to repurchase up to 34 million shares by August 2025, potentially impacting the company’s stock value and shareholder returns.

More about Nitto Denko

Nitto Denko Corporation is a company listed on the Tokyo Stock Exchange’s Prime Market. It specializes in the production of industrial materials, including adhesives, films, and tapes, with a focus on innovation and technology-driven solutions.

YTD Price Performance: 9.90%

Average Trading Volume: 598

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $13.45B

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