Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest announcement is out from MonotaRO Co ( (JP:3064) ).
MonotaRO Co., Ltd. has completed a share buyback program authorized by its board in early February, purchasing 552,700 shares of its common stock on the Tokyo Stock Exchange between May 1 and May 8 for about 1.0 billion yen. Cumulatively under this resolution, the company has acquired 5,209,200 shares for nearly 10 billion yen, approaching the upper limit of the authorized program in both volume and value.
The board has also resolved to cancel all shares acquired under the buyback authorization in accordance with Japanese company law, with the effective cancellation date yet to be determined. The move is likely to reduce MonotaRO’s outstanding share count once implemented, potentially enhancing per-share metrics and signaling continued capital return to shareholders through disciplined balance sheet management.
The most recent analyst rating on (JP:3064) stock is a Hold with a Yen1900.00 price target. To see the full list of analyst forecasts on MonotaRO Co stock, see the JP:3064 Stock Forecast page.
More about MonotaRO Co
MonotaRO Co., Ltd. is a Japan-based e-commerce distributor of maintenance, repair and operations (MRO) supplies, offering industrial tools, consumables and related products primarily to manufacturing, construction and small to mid-sized business customers. The company focuses on online sales via its own platform and operates on the Tokyo Prime Market under code 3064.
YTD Price Performance: -26.15%
Average Trading Volume: 2,877,796
Technical Sentiment Signal: Sell
Current Market Cap: Yen917.6B
Learn more about 3064 stock on TipRanks’ Stock Analysis page.