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Toho Holdings Adjusts Convertible Bond Conversion Price

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Toho Holdings Adjusts Convertible Bond Conversion Price

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Toho Holdings Co., Ltd. ( (JP:8129) ) has issued an announcement.

Toho Holdings Co., Ltd. announced an adjustment to the conversion price of its Zero Coupon Convertible Bonds due 2028, reducing it from ¥2,767.1 to ¥2,760.1. This adjustment follows the approval of an interim dividend of 45 yen per share by the Board of Directors, reflecting the company’s adherence to the terms and conditions of the bonds, potentially impacting investor returns and market positioning.

The most recent analyst rating on (JP:8129) stock is a Hold with a Yen5269.00 price target. To see the full list of analyst forecasts on Toho Holdings Co., Ltd. stock, see the JP:8129 Stock Forecast page.

More about Toho Holdings Co., Ltd.

Toho Holdings Co., Ltd. operates in the pharmaceutical industry, focusing on the distribution and retail of pharmaceutical products. The company is listed on the Prime Market of the Tokyo Stock Exchange under the securities code 8129.

Average Trading Volume: 169,640

Technical Sentiment Signal: Buy

Current Market Cap: Yen317.7B

Learn more about 8129 stock on TipRanks’ Stock Analysis page.

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