TSE:7984Commercial Services
Kokuyo (TSE:7984) Valuation Check As New Share Buyback Targets 4.65% Of Shares
Kokuyo (TSE:7984) has approved a share repurchase program of up to 20,000,000 shares, representing 4.65% of its outstanding stock and totaling ¥15,000 million, with the stated aim of increasing liquidity.
See our latest analysis for Kokuyo.
The buyback plan and new performance-linked stock units come after a strong run for investors, with Kokuyo’s 1-year total shareholder return at 42.88% and 5-year total shareholder return at 131.55%. However, recent share price returns suggest momentum has...