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Daido Steel Co ( (JP:5471) ) has issued an announcement.
Daido Steel Co., Ltd. has announced a decision by its Board of Directors to repurchase up to 6.5 million of its own shares, representing 3.15% of its total issued shares, at a maximum cost of ¥7.1 billion. This move is part of the company’s 2026 Medium-Term Management Plan aimed at improving capital efficiency and enhancing shareholder returns. The acquisition will be conducted through the Tokyo Stock Exchange’s off-auction trading system, with the results to be announced shortly after the transaction.
The most recent analyst rating on (JP:5471) stock is a Hold with a Yen1650.00 price target. To see the full list of analyst forecasts on Daido Steel Co stock, see the JP:5471 Stock Forecast page.
More about Daido Steel Co
Daido Steel Co., Ltd. is a company listed on the Tokyo and Nagoya Stock Exchanges, primarily involved in the steel industry. The company focuses on producing high-quality steel products and is committed to adapting its capital policies to respond to changes in the business environment.
YTD Price Performance: -10.58%
Average Trading Volume: 745,900
Technical Sentiment Signal: Hold
Current Market Cap: Yen225.3B
For a thorough assessment of 5471 stock, go to TipRanks’ Stock Analysis page.