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Kyushu Railway Company ( (JP:9142) ) has issued an announcement.
Kyushu Railway Company announced a strategic move to repurchase its own shares through an Accelerated Share Repurchase (ASR) program, aiming to enhance capital efficiency and reduce capital costs. This decision aligns with the company’s shareholder return policy under its Medium-Term Business Plan 2022–2024, which emphasizes stable returns and flexible share repurchases. The ASR, facilitated by Goldman Sachs, ensures the acquisition of shares equivalent to 10 billion yen, potentially improving the supply-demand balance for the company’s shares.
More about Kyushu Railway Company
Kyushu Railway Company operates in the transportation industry, primarily focusing on railway services. It is listed on the Tokyo Stock Exchange and the Fukuoka Stock Exchange.
Average Trading Volume: 599,543
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen600.7B
For an in-depth examination of 9142 stock, go to TipRanks’ Stock Analysis page.