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Hisamitsu Pharmaceutical Cancels 10 Million Treasury Shares to Enhance Capital Efficiency

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Hisamitsu Pharmaceutical Cancels 10 Million Treasury Shares to Enhance Capital Efficiency

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Hisamitsu Pharmaceutical Co ( (JP:4530) ) has provided an update.

Hisamitsu Pharmaceutical Co., Inc. has announced the cancellation of 10 million treasury shares, representing 13.70% of the total shares issued before cancellation. This move aims to improve capital efficiency, return profits to shareholders, and allow for a more flexible capital policy in response to changing business 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 distribution of healthcare products.

Average Trading Volume: 173,336

Technical Sentiment Signal: Buy

Current Market Cap: Yen332.3B

Learn more about 4530 stock on TipRanks’ Stock Analysis page.

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