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Chino Corporation ( (JP:6850) ) has issued an announcement.
Chino Corporation announced a decision by its Board of Directors to repurchase up to 860,000 of its own shares, representing 5.05% of the total issued shares, excluding treasury shares. This buyback, with a maximum cost of 1.3 billion yen, aims to enhance shareholder returns and improve capital efficiency, with the shares intended for cancellation.
The most recent analyst rating on (JP:6850) stock is a Buy with a Yen1576.00 price target. To see the full list of analyst forecasts on Chino Corporation stock, see the JP:6850 Stock Forecast page.
More about Chino Corporation
Chino Corporation operates in the electronics industry, focusing on the development and production of measurement and control instruments. The company is listed on the Tokyo Stock Exchange Prime Market and is known for its commitment to innovation and quality in its product offerings.
Average Trading Volume: 32,031
Technical Sentiment Signal: Buy
Current Market Cap: Yen24.24B
See more insights into 6850 stock on TipRanks’ Stock Analysis page.