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DaikyoNishikawa Corp. ( (JP:4246) ) has issued an announcement.
DaikyoNishikawa Corporation announced its decision to repurchase and subsequently cancel a portion of its own shares, as resolved in the Board of Directors meeting on May 13, 2025. This move is aimed at improving capital efficiency and increasing earnings per share, thereby enhancing shareholder returns. The company plans to acquire up to 4,250,000 common shares, representing 6% of its issued shares, with a maximum expenditure of 2 billion yen. The acquisition will take place on the Tokyo Stock Exchange from May 14 to October 31, 2025, with the cancellation of these shares scheduled for November 28, 2025.
More about DaikyoNishikawa Corp.
DaikyoNishikawa Corporation operates in the manufacturing industry, focusing on producing automotive components and systems. The company is listed on the Tokyo Stock Exchange and aims to enhance shareholder value through strategic financial maneuvers.
Average Trading Volume: 149,645
Technical Sentiment Signal: Strong Sell
Current Market Cap: Yen40.41B
Learn more about 4246 stock on TipRanks’ Stock Analysis page.