Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Kuraray Co ( (JP:3405) ) has shared an update.
Kuraray Co., Ltd. has announced a decision to initiate a share buyback program, as approved by its Board of Directors. This move aligns with the company’s shareholder return policy, aiming to maintain a total return ratio of at least 50% of net income attributable to shareholders, while enhancing capital efficiency and reducing capital costs. The buyback will involve up to 22 million shares, representing approximately 6.79% of total outstanding shares, with a maximum value of ¥30 billion, and will take place between May 15, 2025, and December 15, 2025. The company also plans to cancel the acquired treasury stock, with details to be announced later.
The most recent analyst rating on (JP:3405) stock is a Hold with a Yen2050.00 price target. To see the full list of analyst forecasts on Kuraray Co stock, see the JP:3405 Stock Forecast page.
More about Kuraray Co
Average Trading Volume: 1,425,150
Technical Sentiment Signal: Hold
Current Market Cap: Yen557.4B
For detailed information about 3405 stock, go to TipRanks’ Stock Analysis page.