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JTEKT ( (JP:6473) ) has issued an update.
JTEKT Corporation announced a plan to acquire its own shares as part of its Second Medium-term Management Plan for 2024-2026, aimed at enhancing shareholder returns and corporate value. The acquisition involves purchasing up to 27 million common shares, representing 7.87% of its issued shares, with a maximum cost of ¥34 billion, to be executed through the Tokyo Stock Exchange’s ToSTNeT-3 system in February 2025.
More about JTEKT
JTEKT Corporation is an established company listed on the Tokyo and Nagoya stock exchanges. It operates in the manufacturing industry, focusing on products such as bearings, steering systems, and driveline components, with a market focus on automotive and industrial sectors.
YTD Price Performance: -0.34%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.51B
For detailed information about 6473 stock, go to TipRanks’ Stock Analysis page.