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Toray Industries Reports Special Gain from Investment Securities Sale

Story Highlights
  • Toray Industries recorded a special gain of 86.2 billion yen from selling investment securities.
  • The sale is part of Toray’s strategy to improve capital efficiency and fund share repurchases.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Toray Industries Reports Special Gain from Investment Securities Sale

Confident Investing Starts Here:

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.

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