Koito Manufacturing Announces Share Buyback Plan to Boost Shareholder Returns

The latest update is out from Koito Manufacturing Co ( (JP:7276) ).

Koito Manufacturing Co., Ltd. has announced a decision to acquire its own shares, aiming to enhance corporate value and increase shareholder returns. The company plans to acquire up to 37 million shares, equivalent to 13.04% of its total issued shares, with a maximum expenditure of ¥50 billion, as part of its medium-term management plan to provide substantial shareholder returns.

The most recent analyst rating on (JP:7276) stock is a Sell with a Yen1800.00 price target. To see the full list of analyst forecasts on Koito Manufacturing Co stock, see the JP:7276 Stock Forecast page.

More about Koito Manufacturing Co

Koito Manufacturing Co., Ltd. operates in the automotive industry, primarily focusing on the production of lighting equipment for vehicles. The company is positioned in the market as a key supplier of automotive lighting systems, serving a global clientele.

Average Trading Volume: 1,116,484

Technical Sentiment Signal: Sell

Current Market Cap: Yen529.7B

For a thorough assessment of 7276 stock, go to TipRanks’ Stock Analysis page.