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IRISO Electronics Completes Share Acquisition Below Initial Targets

Story Highlights
  • IRISO Electronics completed its share acquisition plan but did not reach its upper limits.
  • The company acquired 1,000,000 shares at a cost of ¥2.66 billion, below the target.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
IRISO Electronics Completes Share Acquisition Below Initial Targets

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The latest update is out from IRISO Electronics Co., Ltd. ( (JP:6908) ).

IRISO Electronics Co., Ltd. announced the completion of its share acquisition plan, initially resolved in May 2024. The acquisition did not reach the predetermined upper limits due to the company refraining from purchasing shares while holding material non-public information. Ultimately, 1,000,000 shares were acquired at a cost of approximately ¥2.66 billion, which is below the maximum target of 2,000,000 shares and ¥6 billion.

The most recent analyst rating on (JP:6908) stock is a Buy with a Yen3259.00 price target. To see the full list of analyst forecasts on IRISO Electronics Co., Ltd. stock, see the JP:6908 Stock Forecast page.

More about IRISO Electronics Co., Ltd.

IRISO Electronics Co., Ltd. operates in the electronics industry, focusing on the production and sale of electronic components. The company is known for its connectors and other electronic parts, catering to various market segments including automotive and industrial applications.

Average Trading Volume: 132,250

Technical Sentiment Signal: Hold

Current Market Cap: Yen72.54B

For a thorough assessment of 6908 stock, go to TipRanks’ Stock Analysis page.

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