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The latest announcement is out from Alps Alpine Co ( (JP:6770) ).
Alps Alpine Co., Ltd. has announced a plan to repurchase its own shares through the Tokyo Stock Exchange’s Off-Auction Own Share Repurchase Trading System. This move is part of a broader strategy to enhance shareholder value and improve capital efficiency, with a total acquisition cost of up to 12.85 billion yen for 6.72 million shares. The company has already repurchased 4.45 million shares at a cost of 7.14 billion yen, reflecting its commitment to returning profits to shareholders.
The most recent analyst rating on (JP:6770) stock is a Hold with a Yen1950.00 price target. To see the full list of analyst forecasts on Alps Alpine Co stock, see the JP:6770 Stock Forecast page.
More about Alps Alpine Co
Alps Alpine Co., Ltd. operates in the electronics industry, specializing in the production of electronic components and automotive infotainment systems. The company focuses on providing innovative solutions for consumer electronics and automotive markets.
Average Trading Volume: 1,070,280
Technical Sentiment Signal: Buy
Current Market Cap: Yen395B
Find detailed analytics on 6770 stock on TipRanks’ Stock Analysis page.