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East Japan Railway Company ( (JP:9020) ) has provided an announcement.
The East Japan Railway Company announced its decision to repurchase shares as part of a strategic move to facilitate the conversion of LUMINE Co., Ltd. and JR East Department Store Co., Ltd. into wholly-owned subsidiaries. This repurchase, amounting to a maximum of 2,470,000 shares valued at 6,967,870,000 yen, is aimed at supporting the share exchange process and will be executed via the Tokyo Stock Exchange’s Off-Auction Treasury Stock Repurchase Trading System.
More about East Japan Railway Company
East Japan Railway Company operates in the transportation industry, primarily focusing on railway services. The company is a major player in Japan’s transportation sector, offering passenger services and operating a network of railways in the eastern region of the country.
YTD Price Performance: 7.40%
Average Trading Volume: 307
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $20.7B
Learn more about 9020 stock on TipRanks’ Stock Analysis page.
