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An announcement from IBIDEN CO ( (JP:4062) ) is now available.
IBIDEN has decided to tender all 2,763,000 shares it holds in Toyota Industries Corporation into a takeover bid launched by Toyota Asset Preparatory Co., Ltd., in line with its previously announced policy to reduce cross-shareholdings and improve capital efficiency. The sale, at a planned purchase price of ¥18,800 per share for total proceeds of approximately ¥51.9 billion, is expected to generate an extraordinary gain of about ¥44.2 billion in the fiscal year ending March 31, 2026, with the company indicating that the funds will be directed mainly toward strategic investments to support sustainable growth, potentially strengthening its financial position and future competitiveness.
The most recent analyst rating on (JP:4062) stock is a Buy with a Yen8100.00 price target. To see the full list of analyst forecasts on IBIDEN CO stock, see the JP:4062 Stock Forecast page.
More about IBIDEN CO
IBIDEN CO., LTD. is a Japan-based manufacturer listed on the Tokyo and Nagoya stock exchanges, with operations focused on advanced materials and components serving major industrial and automotive clients. The company actively manages its equity holdings, including cross-shareholdings in business partners, as part of its broader capital efficiency and strategic investment policy.
Average Trading Volume: 6,182,503
Technical Sentiment Signal: Buy
Current Market Cap: Yen1883.1B
For an in-depth examination of 4062 stock, go to TipRanks’ Overview page.