Company Encyclopedia
View More
name
Nichiha Corporation
7943.JP
News
View More

Nichiha Corporation Acquires Own Shares to Boost Shareholder Returns

Nichiha Corporation (JP:7943) has announced the acquisition of 106,900 of its own shares in October to enhance shareholder returns and improve capital efficiency. This initiative is part of the company's First Medium-Term Management Plan, which aims to adapt to changing business environments. The latest analyst rating for Nichiha stock is a Hold, with a price target of Yen3207.00. The company operates in the construction materials industry, focusing on fiber cement products, and has a current market cap of Yen100.5B.

Tip Ranks·
7943
0.00%
Tip Ranks·
7943
0.00%

Nichiha Corporation Exits General-Purpose Cladding Business in U.S.

Nichiha Corporation has announced its exit from the general-purpose exterior cladding business in the U.S. through its subsidiary, Nichiha USA, Inc., due to declining performance and increased competition. The company will shift its focus to high-end exterior cladding for both commercial and residential markets, despite expecting one-time extraordinary losses this fiscal year. The current analyst rating for Nichiha Corporation (JP:7943) is a Hold, with a price target of Yen3207.00.

Tip Ranks·
7943
0.00%
Tip Ranks·
7943
0.00%

Nichiha Corporation Enhances Shareholder Value with Share Buyback

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.

Tip Ranks·
7943
0.00%
Tip Ranks·
7943
0.00%

We Wouldn't Be Too Quick To Buy Nichiha Corporation (TSE:7943) Before It Goes Ex-Dividend

Nichiha Corporation (TSE:7943) is set to trade ex-dividend in three days, with a dividend payment of JP¥57.00 per share scheduled for June 26. The company has a trailing yield of 3.7% based on last year's total payments of JP¥114. While the dividend is covered by both profit and cash flow, the company's earnings have declined by 7.4% annually over the past five years, raising concerns about future sustainability. Overall, Nichiha may not be the best long-term dividend stock, and potential investors should be aware of associated risks.

Simplywall·
7943
0.00%
Simplywall·
7943
0.00%

Nichiha (TSE:7943) Is Due To Pay A Dividend Of ¥57.00

Nichiha Corporation (TSE:7943) will pay a dividend of ¥57.00 per share on June 26, yielding 3.7%. The company has a history of covering its dividend with earnings, but a cash payout ratio of 79% indicates a focus on shareholder returns over growth. EPS is forecasted to grow by 30.8% next year, potentially lowering the payout ratio to 54%. However, past dividend cuts raise concerns about sustainability. Despite a CAGR of 16% in dividends since 2015, earnings per share have declined by 8.7% annually over five years, making future dividend growth uncertain. Investors should be cautious.

Simplywall·
7943
0.00%
Simplywall·
7943
0.00%