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Kyocera ( (JP:6971) ) has shared an update.
Kyocera Corporation has announced the results of its participation in a tender offer by KDDI Corporation to repurchase its shares. Kyocera tendered 108,058,400 shares, reducing its shareholding in KDDI from 16.85% to 14.13%. This transaction is expected to result in a non-recurring gain of 242.8 billion yen in Kyocera’s non-consolidated financial statements for the fiscal year ending March 31, 2026, though it will be recorded as ‘other comprehensive income’ in the consolidated financial statements under IFRS standards.
The most recent analyst rating on (JP:6971) stock is a Buy with a Yen2000.00 price target. To see the full list of analyst forecasts on Kyocera stock, see the JP:6971 Stock Forecast page.
More about Kyocera
Kyocera Corporation operates in the technology and electronics industry, providing a range of products including electronic components, equipment, and devices. The company is known for its focus on innovation and quality, serving various markets globally.
Average Trading Volume: 4,491,170
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen2420.8B
For a thorough assessment of 6971 stock, go to TipRanks’ Stock Analysis page.