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Espec Corp. ( (JP:6859) ) just unveiled an announcement.
Espec Corp. announced its decision to acquire up to 900,000 of its own shares, representing 4.05% of its total issued shares, with a budget of ¥3.5 billion. This move aligns with their policy to enhance shareholder returns and maintain a total return ratio of 50% or more over the medium-term management plan ‘Progressive Plus 2027’. The company also plans to cancel shares exceeding 10% of the total issued shares, reinforcing its commitment to strategic capital management.
The most recent analyst rating on (JP:6859) stock is a Buy with a Yen3842.00 price target. To see the full list of analyst forecasts on Espec Corp. stock, see the JP:6859 Stock Forecast page.
More about Espec Corp.
Espec Corp. is a company listed on the Tokyo Stock Exchange, operating in the industry of manufacturing and providing environmental testing equipment. The company focuses on enhancing shareholder value through strategic financial management, including dividend payouts and share acquisitions.
Average Trading Volume: 67,777
Technical Sentiment Signal: Buy
Current Market Cap: Yen77.4B
See more data about 6859 stock on TipRanks’ Stock Analysis page.