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Toray Industries ( (JP:3402) ) has provided an update.
Toray Industries, Inc. has completed its share repurchase program, acquiring 3,056,500 shares at a total cost of 2,912,908,350 yen through market purchases on the Tokyo Stock Exchange. This move is part of a broader strategy approved by the Board of Directors to repurchase up to 155,000,000 shares, aiming to enhance shareholder value and optimize capital structure.
The most recent analyst rating on (JP:3402) stock is a Hold with a Yen978.00 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, focusing on the production of fibers, textiles, plastics, chemicals, and other advanced materials. The company is known for its innovative solutions and has a significant presence in the global market.
Average Trading Volume: 5,195,265
Technical Sentiment Signal: Buy
Current Market Cap: Yen1512.5B
For detailed information about 3402 stock, go to TipRanks’ Stock Analysis page.