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The latest update is out from Futaba Industrial Co., Ltd. ( (JP:7241) ).
Futaba Industrial Co., Ltd. announced the repurchase of 390,000 of its common shares at a total cost of ¥376 million, as part of a board-authorized plan. This move is part of a broader strategy to manage its capital structure and potentially enhance shareholder value, reflecting the company’s proactive approach to financial management.
The most recent analyst rating on (JP:7241) stock is a Hold with a Yen1042.00 price target. To see the full list of analyst forecasts on Futaba Industrial Co., Ltd. stock, see the JP:7241 Stock Forecast page.
More about Futaba Industrial Co., Ltd.
Futaba Industrial Co., Ltd. operates in the automotive industry, primarily focusing on the production of exhaust systems and other automotive components. The company is listed on the Prime of Tokyo Stock Exchange and Premier of Nagoya Stock Exchange, indicating its significant presence in the Japanese market.
Average Trading Volume: 230,879
Technical Sentiment Signal: Buy
Current Market Cap: Yen90.81B
Learn more about 7241 stock on TipRanks’ Stock Analysis page.