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Toray Industries ( (JP:3402) ) has shared an update.
Toray Industries has announced the repurchase of 6,553,500 shares of its common stock for a total price of 6,571,264,095 yen. This repurchase, conducted on the Tokyo Stock Exchange, is part of a broader plan authorized by the Board of Directors to buy back up to 63 million shares by May 2026, potentially impacting the company’s stock value and shareholder returns.
The most recent analyst rating on (JP:3402) stock is a Hold with a Yen1036.00 price target. To see the full list of analyst forecasts on Toray Industries stock, see the JP:3402 Stock Forecast page.
More about Toray Industries
Toray Industries, Inc. operates in the chemical industry and is known for its production of advanced materials, including fibers, textiles, plastics, and chemicals. The company focuses on innovation and sustainability, serving various markets such as automotive, electronics, and healthcare.
Average Trading Volume: 5,161,479
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen1495.8B
See more data about 3402 stock on TipRanks’ Stock Analysis page.