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JTEKT ( (JP:6473) ) has provided an announcement.
JTEKT Corporation has resolved to tender all 2,002,625 shares it holds in Toyota Industries Corporation into a tender offer launched by Toyota Fudosan, in line with its Second Medium-Term Business Plan to reduce policy-held listed shares. The divestment, at an expected price of ¥18,800 per share for total proceeds of around ¥37.6 billion, is projected to generate approximately ¥34.1 billion in extraordinary gains in JTEKT’s non-consolidated results for the fiscal year ending March 31, 2026, while having no impact on consolidated earnings under IFRS; JTEKT emphasized it intends to maintain and strengthen its business relationship with Toyota Industries despite selling its equity stake.
The most recent analyst rating on (JP:6473) stock is a Buy with a Yen2147.00 price target. To see the full list of analyst forecasts on JTEKT stock, see the JP:6473 Stock Forecast page.
More about JTEKT
JTEKT Corporation is a Japanese manufacturer listed on the Tokyo and Nagoya stock exchanges, operating primarily in the automotive and industrial machinery sectors. The company supplies components and systems such as steering systems, bearings, driveline products and machine tools, serving major manufacturers including Toyota group companies and focusing on long-term business relationships with key clients.
Average Trading Volume: 1,144,122
Technical Sentiment Signal: Buy
Current Market Cap: Yen579.2B
For detailed information about 6473 stock, go to TipRanks’ Stock Analysis page.