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Toray Industries ( (JP:3402) ) just unveiled an announcement.
Toray Industries, Inc. announced the status of its share repurchase program, revealing that it repurchased 8,174,500 shares of common stock for a total of 8,313,305,596 yen between February 1 and February 28, 2025. This move is part of a larger repurchase plan approved by the Board of Directors in November 2024, which aims to buy back up to 155 million shares for a maximum of 100 billion yen by November 2025. The repurchase is conducted through market purchases on the Tokyo Stock Exchange, reflecting the company’s strategy to enhance shareholder value and optimize capital structure.
More about Toray Industries
Toray Industries, Inc. operates in the chemical industry, primarily focusing on the production of fibers and textiles, plastics and chemicals, IT-related products, carbon fiber composite materials, environment and engineering, life science, and others. The company is known for its innovative materials and solutions that cater to a wide range of industries globally.
YTD Price Performance: 3.97%
Average Trading Volume: 681
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $10.6B
For a thorough assessment of 3402 stock, go to TipRanks’ Stock Analysis page.