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Isetan Mitsukoshi Holdings ( (JP:3099) ) has shared an update.
Isetan Mitsukoshi Holdings announced the acquisition of 926,500 treasury shares for approximately 2.14 billion yen, as part of a broader plan approved by the Board of Directors to acquire up to 5 million shares by March 2025. This move is aimed at optimizing the company’s capital structure and potentially enhancing shareholder value, marking a significant step in the company’s strategic financial management.
More about Isetan Mitsukoshi Holdings
Isetan Mitsukoshi Holdings Ltd. operates in the retail industry, primarily focusing on the department store sector. The company is known for offering a wide range of products including fashion, lifestyle goods, and gourmet food. It is a major player in Japan’s retail market with its operations centered around premium shopping experiences.
YTD Price Performance: -0.71%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $6.45B
For a thorough assessment of 3099 stock, go to TipRanks’ Stock Analysis page.