Shimano Inc. Completes Share Buyback as Part of Strategic Repurchase Plan
Shimano Inc. has completed a share buyback of 500,600 shares for 8.2 billion yen as part of its strategic repurchase plan. This initiative aims to manage capital structure and enhance shareholder value, with a total of 2,145,500 shares repurchased under the current resolution. Analysts rate Shimano stock (JP:7309) as a Buy with a price target of Yen24000.00. The company specializes in manufacturing cycling components, fishing tackle, and rowing equipment, holding a strong market position.
Shimano ( (JP:7309) ) has issued an update.
Shimano Inc. announced the acquisition of 500,600 of its own shares, amounting to 8.2 billion yen, as part of a broader share repurchase plan authorized by the Board of Directors. This move reflects the company’s strategic efforts to manage its capital structure and potentially enhance shareholder value, with a total of 2,145,500 shares acquired so far under the current resolution.
The most recent analyst rating on (JP:7309) stock is a Buy with a Yen24000.00 price target. To see the full list of analyst forecasts on Shimano stock, see the JP:7309 Stock Forecast page.
More about Shimano
Shimano Inc. operates in the manufacturing industry, primarily focusing on the production of cycling components, fishing tackle, and rowing equipment. The company is well-known for its high-quality products and holds a significant position in the global market for these goods.
Average Trading Volume: 436,144
Technical Sentiment Signal: Sell
Current Market Cap: Yen1437.1B
See more data about 7309 stock on TipRanks’ Stock Analysis page.
