Idemitsu Kosan Co ( (JP:5019) ) has issued an announcement.
Idemitsu Kosan Co., Ltd. has completed the acquisition of its treasury shares, as per the resolution made by its board of directors. The company will cancel 69,331,300 common shares, approximately 5.1% of its total shares outstanding, by March 31, 2025, which is expected to streamline its capital structure and potentially enhance shareholder value.
More about Idemitsu Kosan Co
Idemitsu Kosan Co., Ltd. operates in the energy sector, primarily focusing on petroleum products, including fuel oils and lubricants. The company is a significant player in the Japanese market, offering a range of energy solutions and services.
YTD Price Performance: 12.57%
Average Trading Volume: 1,590
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $10.25B
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