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The latest update is out from Idemitsu Kosan Co ( (JP:5019) ).
Idemitsu Kosan Co., Ltd. has completed the acquisition of treasury shares through the Tokyo Stock Exchange’s off-auction own share repurchase trading system, ToSTNeT-3. This acquisition aligns with the company’s medium-term management plan to provide a total payout ratio of 50% or more based on cumulative net income, excluding inventory impact, and aims to optimize shareholders’ equity.
More about Idemitsu Kosan Co
Idemitsu Kosan Co., Ltd. operates in the energy sector, primarily focusing on petroleum refining and sales, as well as the production and sale of petrochemical products. The company is a notable player in the Japanese market, with a focus on optimizing shareholder equity and achieving a target return on equity (ROE) of 10% by FY2025.
YTD Price Performance: 14.00%
Average Trading Volume: 1,949
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $10.43B
For detailed information about 5019 stock, go to TipRanks’ Stock Analysis page.