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Toray Industries ( (JP:3402) ) just unveiled an update.
Toray Industries, Inc. announced the repurchase of 8,016,700 shares of its common stock from the Tokyo Stock Exchange, amounting to a total price of 8,312,327,234 yen. This move is part of a larger plan approved by the Board of Directors to repurchase up to 155,000,000 shares by November 2025, aiming to enhance shareholder value and optimize capital structure.
More about Toray Industries
Toray Industries, Inc. operates in the chemical industry and is known for its production of fibers and textiles, plastics, chemicals, and other advanced materials. The company is focused on innovation and sustainability, serving a wide range of markets including automotive, electronics, and healthcare.
YTD Price Performance: 10.57%
Average Trading Volume: 916
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $11.1B
Find detailed analytics on 3402 stock on TipRanks’ Stock Analysis page.