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Riken Keiki Co., Ltd. ( (JP:7734) ) just unveiled an announcement.
No company background or product details were provided in the release.
RIKEN KEIKI’s board resolved to repurchase treasury shares via the Tokyo Stock Exchange’s off-auction own share repurchase trading system (ToSTNeT-3). A consigned purchase order will be placed at the closing price of ¥3,080 at the specified time, targeting up to 320,000 common shares (about 0.70% of issued shares) with an upper cost limit of ¥985.6 million. The company says the buyback is intended to improve capital efficiency and enable agile capital policy responses to the business environment; the transaction may be partially or wholly not executed depending on market conditions and results will be announced after completion.
The most recent analyst rating on (JP:7734) stock is a Buy with a Yen3958.00 price target. To see the full list of analyst forecasts on Riken Keiki Co., Ltd. stock, see the JP:7734 Stock Forecast page.
More about Riken Keiki Co., Ltd.
Average Trading Volume: 84,336
Technical Sentiment Signal: Hold
Current Market Cap: Yen144.1B
For detailed information about 7734 stock, go to TipRanks’ Stock Analysis page.