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Idemitsu Kosan Co ( (JP:5019) ) just unveiled an update.
Idemitsu Kosan Co., Ltd. has announced a strategic move to acquire treasury shares worth 70 billion yen through an Accelerated Share Repurchase (ASR) method. This decision aligns with their medium-term management plan to optimize shareholder equity and achieve a target ROE of 10% by FY2025. The ASR method, facilitated by Daiwa Securities Co. Ltd., ensures the acquisition is completed efficiently, allowing the company to maintain its shareholder returns policy of a total payout ratio of 50% or more.
More about Idemitsu Kosan Co
Idemitsu Kosan Co., Ltd. operates in the energy sector, primarily focusing on petroleum refining and sales, lubricants, and petrochemicals. The company is a significant player in the Japanese market, providing energy solutions and products.
YTD Price Performance: 14.00%
Average Trading Volume: 1,949
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $10.43B
For an in-depth examination of 5019 stock, go to TipRanks’ Stock Analysis page.
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