Asahi Group Holdings (JP:2502) has released an update.
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Asahi Group Holdings has announced plans to buy back shares worth up to 30 billion yen, aiming to enhance shareholder returns by reaching a dividend payout ratio of 40% ahead of the 2025 target. This decision comes as the company expects to surpass its debt reduction goal, with the net debt-to-EBITDA ratio projected to drop from 3 to 2.7. The share repurchase, involving a maximum of 6 million shares (or 18 million post-stock split), will occur between October 1 and December 20, 2024.
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