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Tokyu Corporation Adjusts Convertible Bond Conversion Prices Following Dividend Approval

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Tokyu Corporation Adjusts Convertible Bond Conversion Prices Following Dividend Approval

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The latest announcement is out from Tokyu ( (JP:9005) ).

Tokyu Corporation has announced an adjustment to the conversion price of its Zero Coupon Convertible Bonds due in 2028 and 2030, effective from April 1, 2025. This adjustment follows the payment of an extraordinary dividend, approved at the company’s general meeting, which impacts the conversion terms of the bonds, potentially affecting stakeholders’ investment strategies.

The most recent analyst rating on (JP:9005) stock is a Buy with a Yen2000.00 price target. To see the full list of analyst forecasts on Tokyu stock, see the JP:9005 Stock Forecast page.

More about Tokyu

Tokyu Corporation operates in the transportation and real estate industries, providing services such as railway operations and real estate development. The company is listed on the TSE Prime Market and is a significant player in its sectors.

Average Trading Volume: 1,487,935

Technical Sentiment Signal: Sell

Current Market Cap: Yen1020.5B

For a thorough assessment of 9005 stock, go to TipRanks’ Stock Analysis page.

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