Trend <4704> fell sharply. They had a share buyback plan which allowed them to buy up to 630,000 shares or ¥40 billion, equivalent to 4.64% of their issued shares, which they announced on February 15, but they have now announced that they have completed their purchases up to the limit amount. It seems that this has become a selling point as it could lead to easing of future supply and demand. Also, taking into account the entire sector's stock price adjustment, Jefferies Securities has lowered its target price from ¥8880 to ¥7600 while maintaining its investment rating as "Hold".
トレンド---大幅反落、自己株式の取得終了で目先の需給緩和を警戒へ
Trend - significant decline, cautious about short-term supply and demand easing due to the end of share buybacks.
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