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Menicon Co ( (JP:7780) ) has issued an update.
Menicon Co., Ltd. has announced a share buyback program, resolving to repurchase up to 2.3 million shares, which is 3% of its total issued shares, at a maximum cost of JPY 2.4 billion. This decision is part of a broader strategy to enhance shareholder value while addressing the current stock price, which the company believes does not reflect its future profitability. The buyback will be funded from cash on hand and is aligned with Menicon’s medium-term management plan, which includes expanding production capacity to meet the growing demand for daily disposable contact lenses. The company’s new plant in Malaysia is expected to significantly boost supply capacity by March 2026, contributing to economies of scale and improved business performance.
The most recent analyst rating on (JP:7780) stock is a Buy with a Yen2300.00 price target. To see the full list of analyst forecasts on Menicon Co stock, see the JP:7780 Stock Forecast page.
More about Menicon Co
Menicon Co., Ltd. operates in the optical industry, focusing primarily on the production and sale of contact lenses, with a significant emphasis on daily disposable contact lenses. The company is actively expanding its market presence both in Japan and internationally, driven by increasing global demand for its products.
Average Trading Volume: 522,578
Technical Sentiment Signal: Strong Sell
Current Market Cap: Yen77.2B
See more data about 7780 stock on TipRanks’ Stock Analysis page.