JTEKT ( (JP:6473) ) has issued an announcement.
JTEKT Corporation completed the acquisition of its own shares as part of its strategic initiative to enhance shareholder returns, a core component of its Second Medium-term Management Plan from 2024 to 2026. The acquisition involved approximately 24.68 million shares at a cost of ¥28.84 billion, utilizing the Tokyo Stock Exchange’s off-auction own share repurchase trading system, in line with the company’s commitment to boosting corporate value.
More about JTEKT
JTEKT Corporation is a company listed on the Tokyo and Nagoya stock exchanges, operating in the manufacturing industry. It specializes in producing automotive components, bearings, and machine tools, with a focus on enhancing shareholder returns and corporate value.
YTD Price Performance: 3.57%
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $2.63B
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