Rinnai Corporation Updates on Share Buyback Progress
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Rinnai Corporation has updated its share buyback program, acquiring 1,665,100 shares for ¥6,134,560,000 as of August 31, 2025. The buyback, approved in May 2025, will continue until November 28, 2025, aimed at enhancing shareholder value. The current analyst rating for Rinnai (JP:5947) is a Hold with a price target of ¥4,100. Rinnai specializes in manufacturing heating appliances and is listed on the Tokyo and Nagoya Stock Exchanges.
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