Kyocera to Tender Shares in KDDI to Bolster Core Business

Kyocera ( (JP:6971) ) has provided an update.

Kyocera Corporation has decided to tender a portion of its shares in KDDI Corporation as part of a tender offer for treasury shares. This decision aligns with Kyocera’s strategy to secure funds for strengthening its core businesses and maintaining its competitive edge in the semiconductor and electronic components markets. Despite the sale, Kyocera will remain a major shareholder in KDDI, ensuring the continuation of their strategic alliance.

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 industry, focusing on semiconductor and electronic components. The company is known for its contributions to high-speed communications infrastructure and renewable energy solutions, maintaining a strategic alliance with KDDI Corporation to address social issues through technological advancements.

Average Trading Volume: 4,788,345

Technical Sentiment Signal: Buy

Current Market Cap: Yen2482B

For an in-depth examination of 6971 stock, go to TipRanks’ Stock Analysis page.