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An announcement from Shimano ( (JP:7309) ) is now available.
Shimano Inc. has completed the acquisition of its own shares, reaching the upper limit set by its Board of Directors. This move is part of the company’s strategy to enhance shareholder returns, maintaining stable dividends while aligning with business performance. The acquisition involved purchasing a total of 2,603,300 shares, amounting to approximately 50 billion yen, as part of a broader plan to acquire up to 100 billion yen in treasury stock over two years.
The most recent analyst rating on (JP:7309) stock is a Buy with a Yen19506.00 price target. To see the full list of analyst forecasts on Shimano stock, see the JP:7309 Stock Forecast page.
More about Shimano
Shimano Inc. operates in the manufacturing industry, primarily focusing on producing cycling components and fishing tackle. The company is known for its innovative products and holds a significant market position in the global cycling industry.
Average Trading Volume: 474,854
Technical Sentiment Signal: Sell
Current Market Cap: Yen1562.4B
See more data about 7309 stock on TipRanks’ Stock Analysis page.