Asics Corporation Announces Share Repurchase Plan

Asics (JP:7936) has released an update.

Asics Corporation has announced a plan to repurchase up to 10 million of its own shares, representing 1.38% of its total issued stock, as part of a strategy to enhance capital efficiency and shareholder value. The repurchase, which will cost up to 20 billion yen, is set to occur between August 14 and October 31, 2024, and will be conducted on the Tokyo Stock Exchange. This decision aligns with the company’s Mid-Term Plan 2026 and is designed to address potential share dilution from the establishment of a new general incorporated foundation.

For further insights into JP:7936 stock, check out TipRanks’ Stock Analysis page.