Furukawa Co., Ltd. (JP:5715) has released an update.
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Furukawa Co., Ltd. has announced a strategic move to enhance capital efficiency and adapt to changing business conditions by repurchasing up to 1,145,000 of its own shares, accounting for 3.08% of the total issued shares, excluding treasury shares. The repurchase will occur via the Tokyo Stock Exchange’s ToSTNeT-3 system at a set price of ¥1,582 per share, for a total cost of up to ¥1,811,390,000. The buyback is scheduled for the morning of August 30, 2024, and the results will be disclosed following the completion of the transaction.
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