TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Toray Industries ( (JP:3402) ) has provided an update.
Toray Industries, Inc. has announced a strategic move to repurchase and cancel a significant portion of its common stock, aligning with its policy to enhance capital efficiency by reducing cross-shareholdings. This initiative, set to take place between November 2025 and May 2026, involves repurchasing up to 63 million shares and cancelling 127 million shares, aiming to optimize shareholder value and streamline its capital structure.
The most recent analyst rating on (JP:3402) stock is a Hold with a Yen1036.00 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, specializing in the production of advanced materials and technologies. The company focuses on a range of products including fibers, textiles, plastics, chemicals, and carbon fiber composite materials, serving various markets such as automotive, aerospace, and electronics.
Average Trading Volume: 4,842,426
Technical Sentiment Signal: Buy
Current Market Cap: Yen1522.9B
See more data about 3402 stock on TipRanks’ Stock Analysis page.