Kurita Water Industries Acquires Own Shares to Optimize Capital Structure

An update from Kurita Water Industries ( (JP:6370) ) is now available.

Kurita Water Industries Ltd. has announced the acquisition of 1,557,700 of its own shares, amounting to approximately 8.2 billion yen, through market acquisition on the Tokyo Stock Exchange. This move is part of a broader strategy approved by the Board of Directors to acquire up to 3.5 million shares, reflecting the company’s commitment to optimizing its capital structure and potentially enhancing shareholder value.

The most recent analyst rating on (JP:6370) stock is a Hold with a Yen7000.00 price target. To see the full list of analyst forecasts on Kurita Water Industries stock, see the JP:6370 Stock Forecast page.

More about Kurita Water Industries

Kurita Water Industries Ltd. operates in the water treatment industry, providing solutions such as water treatment chemicals and facilities. The company focuses on enhancing the efficiency and sustainability of water usage across various sectors.

YTD Price Performance: -1.55%

Average Trading Volume: 512,813

Technical Sentiment Signal: Buy

Current Market Cap: Yen607.6B

For a thorough assessment of 6370 stock, go to TipRanks’ Stock Analysis page.