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The latest update is out from LY Corporation ( (JP:4689) ).
LY Corporation announced that its subsidiary, ASKUL Corporation, has resolved to repurchase and cancel its treasury stock. This decision aims to maximize ASKUL’s corporate value while maintaining LY Corporation’s voting rights ratio. The impact on LY Corporation’s consolidated business results is expected to be minor.
More about LY Corporation
ASKUL Corporation, a subsidiary of LY Corporation, operates in the e-commerce and logistics sectors. The company is headquartered in Tokyo, Japan, and is led by President and CEO Akira Yoshioka.
YTD Price Performance: 25.70%
Average Trading Volume: 13,233,096
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen3666.1B
See more insights into 4689 stock on TipRanks’ Stock Analysis page.