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An announcement from Alps Alpine Co ( (JP:6770) ) is now available.
Alps Alpine Co., Ltd. has announced a strategic move to repurchase and subsequently cancel a portion of its common stock, as resolved by its board of directors. This initiative, aimed at increasing the value per share and improving capital efficiency, involves repurchasing up to 20 million shares, representing 9.73% of its outstanding shares, with a total purchase price of up to 20 billion yen. The repurchase will occur on the Tokyo Stock Exchange from May 1, 2025, to March 31, 2026, with the cancellation of these shares planned for April 30, 2026.
More about Alps Alpine Co
Alps Alpine Co., Ltd. operates in the electronics industry, focusing on the development and manufacturing of electronic components and systems. The company is known for its innovative products and services that cater to a global market, enhancing user experiences through advanced technology.
YTD Price Performance: -0.75%
Technical Sentiment Signal: Hold
Current Market Cap: $2.08B
See more insights into 6770 stock on TipRanks’ Stock Analysis page.