Nichiha Corporation Enhances Shareholder Value with Share Buyback
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Nichiha Corporation (JP:7943) has announced a share buyback of 150,100 shares to enhance shareholder value and improve capital efficiency, with a budget of up to 2.5 billion yen. This initiative aligns with the company's First Medium-Term Management Plan, allowing for flexible capital policies in response to market changes. Nichiha, listed on the Tokyo and Nagoya Stock Exchanges, specializes in manufacturing building materials, particularly fiber cement products. Current market cap stands at Yen111.3B, with an average trading volume of 48,419 shares.
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