DENSO Launches New Share Buyback via Tender Offer Under CORE 2030 Plan

DENSO ( (JP:6902) ) has shared an update.

DENSO has approved a new share repurchase program via a tender offer for its own shares under Japan’s Companies Act, following earlier written board resolutions and the completion of Toyota Asset Preparatory’s tender offer for Toyota Industries shares. The move forms part of its capital policy to optimize its balance sheet by using leverage for strategic investments while returning excess capital to shareholders.

Under its mid-term management plan “CORE 2030” for fiscal 2026–2030, DENSO is targeting higher capital efficiency and ROE through four pillars: reinforcing profit structure, reducing low-profit assets, improving capital structure and deepening market dialogue. The company is committing to flexible share buybacks while maintaining an equity ratio below 60%, has lifted its annual dividend to 67 yen per share for the year ended March 31, 2026, and aims to raise its dividend-on-equity ratio to at least 4% by 2030 after a decade of steady buyback activity.

The most recent analyst rating on (JP:6902) stock is a Buy with a Yen2400.00 price target. To see the full list of analyst forecasts on DENSO stock, see the JP:6902 Stock Forecast page.

More about DENSO

DENSO Corporation is a Japanese automotive parts manufacturer listed on the Tokyo and Nagoya Stock Exchanges under securities code 6902. The company focuses on mobility-related technologies and components and has increasingly aligned its financial strategy with capital efficiency and shareholder returns, including active use of share repurchases and dividends to enhance equity value.

Average Trading Volume: 7,647,525

Technical Sentiment Signal: Sell

Current Market Cap: Yen5143.2B

For an in-depth examination of 6902 stock, go to TipRanks’ Overview page.