Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Kyocera ( (JP:6971) ) has provided an update.
Kyocera will tender 53,763,400 shares of KDDI in the telecom group’s share buyback at ¥2,325 per share, for potential proceeds of about ¥125 billion, as part of a broader capital strategy to secure funding for future needs. Even if all tendered shares are purchased, Kyocera will retain 508,370,200 KDDI shares, remaining a major shareholder with its stake only falling from 14.77% to 13.35%.
The company emphasized that its strategic alliance with KDDI will continue, including cooperation on wireless relay technology to expand high-speed communications and joint renewable energy projects through au Renewable Energy. Kyocera expects minimal impact on its earnings outlook for the year ending March 31, 2027, and said any further market sales of KDDI shares will follow its selling policy while respecting KDDI’s preference for minimizing market price disruption.
The most recent analyst rating on (JP:6971) stock is a Buy with a Yen2700.00 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 is a diversified Japanese manufacturer active in electronics, telecommunications equipment, and related technologies, with a strategic focus on long-term value creation and social contribution. It has been a major shareholder in telecom operator KDDI since helping establish its predecessor in 1984, leveraging the stake to support joint initiatives in high-speed communications and renewable energy.
Average Trading Volume: 5,244,262
Technical Sentiment Signal: Buy
Current Market Cap: Yen3964.6B
For a thorough assessment of 6971 stock, go to TipRanks’ Stock Analysis page.