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Toray Industries ( (JP:3402) ) has shared an announcement.
Toray Industries has announced a special gain of 86.2 billion yen in its non-consolidated financial results due to the partial sale of investment securities. This move aligns with the company’s strategy to enhance capital efficiency by reducing cross-shareholdings and using the proceeds for share repurchases, with no impact on consolidated profit or loss under IFRS.
The most recent analyst rating on (JP:3402) stock is a Buy with a Yen1270.00 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 and sale of advanced materials, including fibers, textiles, plastics, and chemicals, with a strong emphasis on innovation and sustainability.
Average Trading Volume: 6,513,250
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen1535.5B
For an in-depth examination of 3402 stock, go to TipRanks’ Stock Analysis page.