Kokusai Electric Sets Share Buyback Period

Kokusai Electric Corporation (JP:6525) has released an update.

Kokusai Electric Corporation has confirmed the repurchase period of up to 6 million of its own shares, constituting 2.55% of its total issued stock, with a budget of up to 18 billion yen. The buyback will occur from July 30 to September 20, 2024, through market purchases on the Tokyo Stock Exchange. The repurchase aligns with the company’s previously disclosed intentions following a secondary offering of common stock.

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