Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Fujitec Co., Ltd. ( (JP:6406) ) has shared an announcement.
Fujitec Co., Ltd. has resolved to cancel 524,976 of its treasury shares, equivalent to 0.67% of its issued shares, reducing the total number of issued shares to 78,375,024, in a move that fine‑tunes its capital structure. The cancellation, scheduled for March 24, 2026, is contingent on shareholder approval of a planned share consolidation in February 2026, and involves a portion of treasury stock accumulated through prior holdings and restricted stock remuneration programs for a major shareholder, directors and executive officers, signaling ongoing capital policy and governance adjustments that may modestly enhance share value and capital efficiency for investors.
The most recent analyst rating on (JP:6406) stock is a Hold with a Yen6152.00 price target. To see the full list of analyst forecasts on Fujitec Co., Ltd. stock, see the JP:6406 Stock Forecast page.
More about Fujitec Co., Ltd.
Fujitec Co., Ltd. is a Japanese manufacturer listed under stock code 6406, operating in the machinery sector and best known for elevators, escalators and related vertical transportation systems, serving commercial, residential and infrastructure projects in domestic and overseas markets.
Average Trading Volume: 328,033
Technical Sentiment Signal: Buy
Current Market Cap: Yen430.4B
For an in-depth examination of 6406 stock, go to TipRanks’ Overview page.