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The latest announcement is out from Hisamitsu Pharmaceutical Co ( (JP:4530) ).
Hisamitsu Pharmaceutical Co. has announced a strategic move to acquire its own shares, aiming to enhance sustainable value for the company and its shareholders. This decision is part of a broader cash allocation policy to return over 50 billion yen to shareholders through dividends and share buybacks over the next five years. The acquisition will be executed through the Tokyo Stock Exchange’s Off-Auction Own Share Repurchase Trading System, with a maximum acquisition of 2 million shares at a cost of 8,054 million yen. This move is expected to strengthen shareholder returns and reflects the company’s positive performance and market conditions.
More about Hisamitsu Pharmaceutical Co
Hisamitsu Pharmaceutical Co., Inc. is a company headquartered in Tosu City, Saga Prefecture, Japan. It operates in the pharmaceutical industry, focusing on the development and production of medical products, including pain relief patches and other healthcare solutions.
Average Trading Volume: 154,357
Technical Sentiment Signal: Sell
Current Market Cap: Yen292.2B
See more insights into 4530 stock on TipRanks’ Stock Analysis page.