Toda Corporation Launches ¥7 Billion Accelerated Share Buyback and Cancellation

Toda Corporation ( (JP:1860) ) has shared an announcement.

Toda Corporation will repurchase up to 4,651,100 of its own common shares, equivalent to about 1.53% of shares outstanding excluding treasury stock, via an off-auction ToSTNeT-3 transaction on the Tokyo Stock Exchange on March 26, 2026, for a total of roughly ¥7 billion. All shares acquired through this accelerated share repurchase structure, arranged with Morgan Stanley MUFG Securities, are scheduled to be cancelled on March 30, 2026, as part of the company’s strategy to enhance shareholder returns, maintain a dividend on equity of at least 3.5%, and improve capital efficiency toward a targeted total payout ratio of around 70% under its Medium-Term Management Plan 2027.

The most recent analyst rating on (JP:1860) stock is a Hold with a Yen1679.00 price target. To see the full list of analyst forecasts on Toda Corporation stock, see the JP:1860 Stock Forecast page.

More about Toda Corporation

Toda Corporation is a Japan-based construction company listed on the Tokyo Stock Exchange Prime Market under securities code 1860. The group focuses on building and civil engineering projects and infrastructure-related services, positioning shareholder returns and capital efficiency as key management priorities under its Medium-Term Management Plan 2027.

Average Trading Volume: 708,744

Technical Sentiment Signal: Buy

Current Market Cap: Yen453.5B

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