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An update from Kaneka ( (JP:4118) ) is now available.
Kaneka Corporation announced a resolution to repurchase its treasury stock, with a plan to buy back up to 3,000,000 shares, representing 4.77% of its total issued shares, for a maximum of 12 billion yen. This strategic move, executed through market purchases on the Tokyo Stock Exchange, aims to enhance shareholder value and optimize the company’s capital structure.
The most recent analyst rating on (JP:4118) stock is a Hold with a Yen4400.00 price target. To see the full list of analyst forecasts on Kaneka stock, see the JP:4118 Stock Forecast page.
More about Kaneka
Kaneka Corporation operates in the chemical industry, focusing on the production of a wide range of chemical products. The company is listed on the Tokyo Stock Exchange Prime Market and is known for its innovative solutions in materials, functional plastics, and other chemical-related sectors.
YTD Price Performance: 6.43%
Average Trading Volume: 181,362
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen248.3B
Learn more about 4118 stock on TipRanks’ Stock Analysis page.