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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Nitto Denko Corporation    6988   JP3684000007

NITTO DENKO CORPORATION

(6988)
  Report
End-of-day quote. End-of-day quote Tokyo Stock Exchange - 01/15
9290 JPY   -2.21%
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Nitto Denko : Results and Completion of Share Repurchase

08/02/2020 | 10:31pm EST

Date: August 3, 2020

Listed company name: Nitto Denko Corporation

Stock exchange listing: Tokyo, First Section

Code number: 6988

Company representative: Hideo Takasaki, President

Contact person: Kenjiro Asuma

Vice President

Corporate Strategy Management Division

Phone: +81-6-7632-2101

Results and Completion of Share Repurchase

(Share repurchase under the provisions of the Articles of Incorporation pursuant

to Article 165, Paragraph 2 of the Companies Act of Japan)

Nitto Denko Corporation (hereafter "the Company") announces that it repurchased its own shares pursuant to Article 156 of the Companies Act of Japan as applied pursuant to Article 165, Paragraph

3. This concludes the Company's share repurchase in accordance with a resolution made by the Board of Directors on January 27, 2020.

  1. Class of shares repurchased: Common stock
  2. Number of shares repurchased: 1,100,800 shares
  3. Total repurchased amount: JPY 6,702,514,000
  4. Method of repurchase: Market Repurchase on the Tokyo Stock Exchange
  5. Repurchase period: From July 1, 2020 to July 31, 2020

Reference

1. Details of the resolution made by the Board of Directors on January 27, 2020

(1)

Class of shares to be repurchased:

Common stock

(2)

Total number of repurchasable shares:

9,000,000 shares (maximum)

(5.74% of the total number of shares issued [excluding treasury stock])

(3)

Total repurchase amount:

JPY 50,000,000,000 (maximum)

(4)

Repurchase period:

From February 3, 2020 to July 31, 2020

2. Cumulative total number of shares repurchased pursuant to the above resolution of the Board of Directors (as of July 31, 2020)

(1)

Number of shares repurchased:

9,000,000 shares

(2)

Total repurchased amount:

JPY 49,965,504,989

Disclaimer

Nitto Denko Corporation published this content on 03 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2020 02:31:08 UTC


© Publicnow 2020
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Financials
Sales 2021 720 B 6 938 M 6 938 M
Net income 2021 54 877 M 529 M 529 M
Net cash 2021 338 B 3 254 M 3 254 M
P/E ratio 2021 25,6x
Yield 2021 2,12%
Capitalization 1 375 B 13 243 M 13 244 M
EV / Sales 2021 1,44x
EV / Sales 2022 1,38x
Nbr of Employees 25 793
Free-Float 91,9%
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Technical analysis trends NITTO DENKO CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Average target price 7 336,67 JPY
Last Close Price 9 290,00 JPY
Spread / Highest target 4,84%
Spread / Average Target -21,0%
Spread / Lowest Target -40,8%
EPS Revisions
Managers and Directors
NameTitle
Hideo Takasaki President, CEO, COO & Representative Director
Yoichiro Furuse Independent Non-Executive Outside Director
Takashi Hatchoji Independent Non-Executive Outside Director
Nobuhiro Todokoro Director & Managing Executive Officer
Yosuke Miki Director & Managing Executive Officer
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