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Topcon ( (JP:7732) ) has shared an announcement.
Topcon Corporation announced a revision to its year-end dividend forecast for the fiscal year ending March 2025, deciding to suspend dividend payments. This decision is linked to a tender offer by TK Co., Ltd., which includes a plan for Topcon’s shares to be delisted as part of a management buyout and capital participation by KKR Japan and JIC Capital, Ltd. The board supports the tender offer, recommending shareholders tender their shares, as the offer price was determined with the nonpayment of dividends in mind.
More about Topcon
Topcon Corporation operates in the technology sector, focusing on precision measurement and healthcare solutions. The company is known for its advanced positioning and smart infrastructure products, catering to industries such as construction, agriculture, and healthcare.
YTD Price Performance: 10.26%
Average Trading Volume: 688
Technical Sentiment Signal: Sell
Current Market Cap: $2.21B
See more data about 7732 stock on TipRanks’ Stock Analysis page.