Shindengen Sets Terms for Share Buyback via ToSTNeT-3 and Market Purchases

Shindengen Electric Mfg Co Ltd ( (JP:6844) ) has issued an announcement.

Shindengen Electric Manufacturing Co., Ltd. has set the specific method for a previously approved share buyback, opting to repurchase up to 84,000 of its common shares, worth a maximum of ¥350 million, via the Tokyo Stock Exchange’s off-auction ToSTNeT-3 system at the February 9, 2026 closing price of ¥3,985. The ToSTNeT-3 transaction is scheduled for 8:45 a.m. on February 10, 2026, and may be partially or not at all executed depending on market conditions.

Following this off-auction repurchase, Shindengen plans to continue buying back its shares on the Tokyo Stock Exchange auction market under a discretionary trading contract, within the broader framework approved by its board to acquire up to 140,000 shares, or about 1.4% of shares outstanding, for a maximum of ¥690 million through April 31, 2026. The program underscores the company’s active capital management and could support shareholder value by reducing the number of shares in circulation if executed in full.

The most recent analyst rating on (JP:6844) stock is a Sell with a Yen3544.00 price target. To see the full list of analyst forecasts on Shindengen Electric Mfg Co Ltd stock, see the JP:6844 Stock Forecast page.

More about Shindengen Electric Mfg Co Ltd

Shindengen Electric Manufacturing Co., Ltd. is a Japanese electronics company listed on the Tokyo Stock Exchange Prime Market under code 6844. The company operates in the electrical and electronic components industry, focusing on power electronics products that serve a broad industrial and automotive customer base in Japan and overseas.

Average Trading Volume: 74,115

Technical Sentiment Signal: Buy

Current Market Cap: Yen38.65B

For detailed information about 6844 stock, go to TipRanks’ Stock Analysis page.