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The latest announcement is out from Sanken Electric Co., Ltd. ( (JP:6707) ).
Sanken Electric Co., Ltd. has completed a significant share repurchase and announced the cancellation of a portion of its own shares. This strategic move, involving the repurchase of 279,900 shares and the cancellation of 4,172,700 shares, is aimed at optimizing the company’s capital structure and potentially enhancing shareholder value. The cancellation represents 16.6% of the shares issued before cancellation, reflecting the company’s commitment to efficient capital management.
The most recent analyst rating on (JP:6707) stock is a Hold with a Yen7895.00 price target. To see the full list of analyst forecasts on Sanken Electric Co., Ltd. stock, see the JP:6707 Stock Forecast page.
More about Sanken Electric Co., Ltd.
Sanken Electric Co., Ltd. operates in the electronics industry, focusing on the production of semiconductors and electronic components. The company is listed on the Tokyo Stock Exchange and is known for its innovation in power electronics, serving a global market with a strong emphasis on technological advancement.
Average Trading Volume: 158,437
Technical Sentiment Signal: Buy
Current Market Cap: Yen181.8B
Learn more about 6707 stock on TipRanks’ Stock Analysis page.