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Sumitomo Rubber Industries ( (JP:5110) ) just unveiled an announcement.
Sumitomo Rubber Industries has announced a decision by its Board of Directors to repurchase up to 200,000 shares of its own common stock, with a maximum acquisition cost of 400 million yen. This repurchase is intended to support a restricted stock compensation plan approved in 2022, which aims to deliver shares as compensation over multiple fiscal years, potentially impacting shareholder value and stock market 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 of tires and other rubber-related products. The company is headquartered in Kobe City, Hyogo Prefecture, and is listed on the Tokyo Stock Exchange.
Average Trading Volume: 1,872,684
Technical Sentiment Signal: Buy
Current Market Cap: Yen508B
See more insights into 5110 stock on TipRanks’ Stock Analysis page.
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