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Kuraray Co ( (JP:3405) ) just unveiled an announcement.
Kuraray Co., Ltd. has resolved to cancel 5.83 million shares of its common stock, representing 1.89% of its issued and outstanding shares, following the completion of a previously announced share buyback. The cancellation, effective May 29, 2026, will reduce the total number of issued shares to about 302.1 million and is likely intended to enhance capital efficiency and shareholder value by decreasing the share count and consolidating equity ownership.
After the cancellation, Kuraray will hold approximately 836,270 treasury shares, based on holdings as of April 30, 2026. This move underscores the company’s continued use of share repurchases and cancellations as a tool of financial management, which may support earnings per share and signal confidence in its business prospects to investors in the chemicals sector.
The most recent analyst rating on (JP:3405) stock is a Sell with a Yen1540.00 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
Kuraray Co., Ltd. is a Japan-based chemical manufacturer known for producing advanced materials and chemical products. The company focuses on specialty chemicals and related materials that serve a wide range of industrial applications in global markets.
Average Trading Volume: 1,692,051
Technical Sentiment Signal: Hold
Current Market Cap: Yen505.4B
For detailed information about 3405 stock, go to TipRanks’ Stock Analysis page.