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The latest update is out from Sumitomo Rubber Industries ( (JP:5110) ).
Sumitomo Rubber Industries has completed the acquisition of 200,000 shares of its own common stock, with a total acquisition cost of approximately 355.7 million yen. This move, approved by the Board of Directors, is part of a strategic decision to utilize treasury stock for restricted stock compensation over multiple fiscal years, potentially impacting shareholder value and company operations.
The most recent analyst rating on (JP:5110) stock is a Buy with a Yen2100.00 price target. To see the full list of analyst forecasts on Sumitomo Rubber Industries stock, see the JP:5110 Stock Forecast page.
More about Sumitomo Rubber Industries
Sumitomo Rubber Industries, Ltd. operates in the rubber industry, primarily focusing on the production and sale of tires and other rubber-related products. The company is headquartered in Kobe City, Hyogo Prefecture, Japan, and is listed on the Tokyo Stock Exchange.
YTD Price Performance: -1.04%
Average Trading Volume: 1,880,910
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen464.2B
Find detailed analytics on 5110 stock on TipRanks’ Stock Analysis page.