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Toyota Motor ( (JP:7203) ) just unveiled an announcement.
Toyota Motor Corporation has revised the terms of its planned tender offer for its own shares, adjusting the formula used to set the tender offer price and increasing the ceiling for the total repurchase amount to up to ¥4.34 trillion. The company will continue to base the offer price on a 10% discount to the lower of the most recent closing price or one-month average of its Tokyo Stock Exchange Prime Market share price, but it has raised the maximum reference price from ¥2,691 to ¥3,641 per share, reflecting the higher recent trading level of its stock and preserving the principle of using a recent market-based price while seeking to protect the interests of shareholders who do not tender their shares.
The most recent analyst rating on (JP:7203) stock is a Hold with a Yen3424.00 price target. To see the full list of analyst forecasts on Toyota Motor stock, see the JP:7203 Stock Forecast page.
More about Toyota Motor
Toyota Motor Corporation is a global automotive manufacturer headquartered in Japan, best known for its Toyota and Lexus brands and a broad lineup of passenger cars, commercial vehicles and hybrids. Listed on the Prime Market of the Tokyo Stock Exchange and the Premier Market of the Nagoya Stock Exchange, the company plays a central role in the global auto industry, with a strong focus on scale, efficiency and capital discipline to support long-term competitiveness and shareholder value.
Average Trading Volume: 20,963,915
Technical Sentiment Signal: Buy
Current Market Cap: Yen44157.1B
For an in-depth examination of 7203 stock, go to TipRanks’ Overview page.