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Riken Technos Corporation ( (JP:4220) ) has provided an update.
Riken Technos Corporation has announced a decision by its Board of Directors to acquire up to 1.5 million of its own common shares, representing 3.1% of its total issued shares, with a maximum acquisition cost of ¥2 billion. This move is aimed at enhancing capital efficiency and improving shareholder returns by adjusting the company’s capital policy in response to changing business environments, with plans to cancel all acquired shares.
The most recent analyst rating on (JP:4220) stock is a Buy with a Yen1471.00 price target. To see the full list of analyst forecasts on Riken Technos Corporation stock, see the JP:4220 Stock Forecast page.
More about Riken Technos Corporation
Riken Technos Corporation operates in the manufacturing industry, focusing on producing and distributing high-performance plastic products. The company is known for its innovative solutions in the plastics sector, catering to various market needs.
Average Trading Volume: 68,431
Technical Sentiment Signal: Buy
Current Market Cap: Yen62.57B
For an in-depth examination of 4220 stock, go to TipRanks’ Overview page.