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Ajinomoto Co ( (JP:2802) ) has shared an update.
Ajinomoto Co., Inc. has announced a plan to repurchase up to 10 million of its own shares, representing 1.01% of its total issued shares, through the Tokyo Stock Exchange’s off-auction trading system. This strategic move, with a maximum cost of JPY 30.15 billion, is part of a broader initiative to repurchase up to 50 million shares by November 2025, aiming to enhance shareholder value and optimize capital structure.
More about Ajinomoto Co
Ajinomoto Co., Inc. operates in the food and amino acid industry, focusing on the production and sale of seasonings, processed foods, beverages, and amino acids. The company is a key player in the global market, leveraging its expertise in biotechnology to enhance its product offerings.
Average Trading Volume: 2,657,868
Technical Sentiment Signal: Buy
Current Market Cap: Yen3004.4B
For an in-depth examination of 2802 stock, go to TipRanks’ Stock Analysis page.