Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Takashimaya Company ( (JP:8233) ).
Takashimaya’s board has approved a tender offer to purchase the entire ¥60 billion outstanding issue of its zero coupon convertible bonds due 2028 and subsequently cancel them, aiming to execute large-scale shareholder returns more quickly while eliminating future dilution risk now that the share price is trading above the bonds’ conversion price. In connection with this move, the company has decided to postpone a previously scheduled cancellation of treasury shares acquired through buybacks, and it warns that the difference between the purchase price and book value of the bonds will be recorded as an extraordinary loss that could reduce profit attributable to owners of parent and non‑consolidated net profit by roughly 70% of that loss, with earnings forecasts to be revised once the final figures are known.
The most recent analyst rating on (JP:8233) stock is a Hold with a Yen1708.00 price target. To see the full list of analyst forecasts on Takashimaya Company stock, see the JP:8233 Stock Forecast page.
More about Takashimaya Company
Takashimaya Company, Limited is a leading Japanese department store operator listed on the Tokyo Prime Market, operating a nationwide network of large-format retail stores that focus on fashion, lifestyle goods, and luxury merchandise for domestic consumers and inbound tourists. The company’s business model is closely tied to consumer spending trends in Japan’s urban centers and it relies on capital market instruments, such as convertible bonds and share buybacks, to optimize its capital structure and enhance shareholder returns.
Average Trading Volume: 1,752,450
Technical Sentiment Signal: Buy
Current Market Cap: Yen499.9B
See more insights into 8233 stock on TipRanks’ Stock Analysis page.