Toray Industries ( (JP:3402) ) just unveiled an update.
Toray Industries, Inc. announced the repurchase of 17,800,100 shares of its common stock for a total of 16,294,746,861 yen through market purchases on the Tokyo Stock Exchange from April 1 to April 30, 2025. This move is part of a broader share repurchase program authorized by the Board of Directors, which allows for the repurchase of up to 155,000,000 shares, or 9.67% of the total issued shares, with a budget of up to 100 billion yen, aimed at enhancing shareholder value.
More about Toray Industries
Toray Industries, Inc. operates in the chemical industry, focusing on the production of fibers, textiles, plastics, chemicals, and other advanced materials. The company is known for its innovative solutions in various sectors, including automotive, electronics, and life sciences.
YTD Price Performance: -11.20%
Average Trading Volume: 568
Technical Sentiment Signal: Hold
Current Market Cap: $10.17B
Learn more about 3402 stock on TipRanks’ Stock Analysis page.