Joshin Denki Co., Ltd. (JP:8173) has released an update.
Joshin Denki Co., Ltd. has announced a strategic move to repurchase up to 150,000 of its own shares, with the aim of improving capital efficiency and allowing for more flexible capital policy decisions. The repurchase, which is capped at ¥388,200,000, will be conducted through the Tokyo Stock Exchange’s Off-auction Own Share Repurchase Trading system (ToSTNeT-3) based on the closing price of ¥2,588 on August 6, 2024. The company plans to execute this buyback at 8:45 a.m. on August 7, 2024, and will announce the results thereafter.
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