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TOKYO ROPE MFG. CO., LTD. ( (JP:5981) ) just unveiled an announcement.
TOKYO ROPE MFG. CO., LTD. has completed the repurchase of 100,000 shares of its own stock at a total price of JPY 152,500,000 through off-auction trading on the Tokyo Stock Exchange. This move is part of a broader strategy to enhance shareholder returns, achieve a total payout ratio of 40% or more, and support sustainable growth through investments in human capital. The company plans to continue purchasing treasury stock within the limits set by its board of directors.
The most recent analyst rating on (JP:5981) stock is a Buy with a Yen1583.00 price target. To see the full list of analyst forecasts on TOKYO ROPE MFG. CO., LTD. stock, see the JP:5981 Stock Forecast page.
More about TOKYO ROPE MFG. CO., LTD.
TOKYO ROPE MFG. CO., LTD. operates in the manufacturing industry, primarily focusing on producing ropes and related products. The company is listed on the Prime Market of the Tokyo Stock Exchange and aims to adapt its capital policy to the changing business environment while ensuring shareholder returns and sustainable growth through human capital investments.
Average Trading Volume: 46,776
Technical Sentiment Signal: Buy
Current Market Cap: Yen24.59B
For an in-depth examination of 5981 stock, go to TipRanks’ Overview page.