Isetan Mitsukoshi to Repurchase and Cancel Shares to Boost Shareholder Value

Isetan Mitsukoshi Holdings ( (JP:3099) ) has shared an announcement.

Isetan Mitsukoshi Holdings announced a strategic move to repurchase and cancel its own shares, as resolved in a recent Board of Directors meeting. This decision aligns with the company’s medium-term management plan to enhance shareholder value by maintaining a total return ratio of 70% or more through dividends and share buybacks, reflecting a commitment to financial health and market competitiveness.

The most recent analyst rating on (JP:3099) stock is a Buy with a Yen3000.00 price target. To see the full list of analyst forecasts on Isetan Mitsukoshi Holdings stock, see the JP:3099 Stock Forecast page.

More about Isetan Mitsukoshi Holdings

Isetan Mitsukoshi Holdings Ltd. operates in the retail industry, focusing on department store operations. The company is known for its wide range of consumer goods and services, catering primarily to the Japanese market and holding a significant position on the Tokyo Stock Exchange.

Average Trading Volume: 3,618,147

Technical Sentiment Signal: Hold

Current Market Cap: Yen698.6B

For an in-depth examination of 3099 stock, go to TipRanks’ Stock Analysis page.