Toray Industries Reports Progress on Share Repurchase Program

Toray Industries ( (JP:3402) ) has issued an announcement.

Toray Industries, Inc. announced the status of its share repurchase program, revealing that it repurchased 6,244,300 shares of common stock for a total of 6,487,470,862 yen between March 1 and March 31, 2025, through market purchases on the Tokyo Stock Exchange. This move is part of a larger plan approved by the Board of Directors to repurchase up to 155,000,000 shares, or 9.67% of the total issued shares, for up to 100 billion yen by November 7, 2025, potentially impacting the company’s stock value and shareholder returns.

More about Toray Industries

Toray Industries, Inc. operates in the chemical industry, focusing on the production of fibers, textiles, plastics, chemicals, IT-related products, carbon fiber composite materials, environment and engineering, and life science products.

YTD Price Performance: 11.20%

Average Trading Volume: 569

Technical Sentiment Signal: Strong Sell

Current Market Cap: $10.85B

See more data about 3402 stock on TipRanks’ Stock Analysis page.