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The latest announcement is out from Toho Co ( (JP:9602) ).
Toho Co., Ltd. has announced a resolution to acquire its treasury shares through a tender offer, as part of its strategy to enhance shareholder returns. This move aligns with the company’s mid-term plan to maintain a minimum annual dividend of 85 yen and a dividend payout ratio of 35% or more. The acquisition is also influenced by H2O Retailing Corporation’s decision to sell a portion of its shares in Toho as part of its own financial strategy, potentially impacting Toho’s shareholding structure.
The most recent analyst rating on (JP:9602) stock is a Hold with a Yen9300.00 price target. To see the full list of analyst forecasts on Toho Co stock, see the JP:9602 Stock Forecast page.
More about Toho Co
Toho Co., Ltd. operates in the entertainment industry, primarily focusing on film production, distribution, and exhibition. It is listed on the Prime Market of the Tokyo Stock Exchange and the Fukuoka Stock Exchange.
Average Trading Volume: 777,768
Technical Sentiment Signal: Buy
Current Market Cap: Yen1622.1B
Learn more about 9602 stock on TipRanks’ Stock Analysis page.