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Fuji Media Holdings ( (JP:4676) ) has shared an update.
Fuji Media Holdings has terminated its previous share buyback program, under which it had repurchased about 3.86 million shares for roughly ¥14.0 billion out of an approved ceiling of 20 million shares and ¥50 billion, and has adopted a new, larger share repurchase framework. Aligned with its multi-year Reform Action Plan, the company plans a substantial additional buyback aimed at acquiring up to approximately ¥235 billion of its own shares, including shares held by major shareholders Reno Co., Ltd. and related parties, in order to accelerate capital optimization, reduce shareholder equity by a cumulative ¥250 billion by fiscal 2029, and achieve a return on equity of at least 5% in fiscal 2030. Management cites recovering broadcasting revenues at Fuji Television, improved profit outlook, and planned introduction of outside capital into its Urban Development, Hotels & Resort business as factors that bolster its financial flexibility and enable more aggressive shareholder returns, including dividends and buybacks, while mitigating market liquidity and price impacts and offering an exit opportunity to large shareholders.
The most recent analyst rating on (JP:4676) stock is a Hold with a Yen3974.00 price target. To see the full list of analyst forecasts on Fuji Media Holdings stock, see the JP:4676 Stock Forecast page.
More about Fuji Media Holdings
Fuji Media Holdings, Inc. is a Japanese media and entertainment group listed on the Prime Market of the Tokyo Stock Exchange, best known for its core broadcasting subsidiary Fuji Television Network and related media, content, and urban development, hotels and resort businesses. The company focuses on strengthening governance, human rights and compliance across its group, while optimizing capital allocation to enhance medium- to long-term corporate value in the highly competitive domestic media and content market.
Average Trading Volume: 756,476
Technical Sentiment Signal: Buy
Current Market Cap: Yen866.5B
Find detailed analytics on 4676 stock on TipRanks’ Stock Analysis page.