tiprankstipranks
Trending News
More News >

Sumitomo Rubber Industries Announces Share Repurchase Plan

Story Highlights
Sumitomo Rubber Industries Announces Share Repurchase Plan

Confident Investing Starts Here:

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.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App