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The latest announcement is out from Makita Corporation ( (JP:6586) ).
Makita Corporation announced a decision by its Board of Directors to repurchase up to 7 million of its common shares, representing 2.60% of the total issued shares, for a maximum of 20 billion yen. This move is part of Makita’s strategy to return profits to shareholders, reflecting its commitment to flexible profit distribution and potentially enhancing shareholder value.
More about Makita Corporation
Makita Corporation operates in the manufacturing industry, primarily focusing on producing power tools and equipment. The company is known for its innovative solutions and has a significant market presence internationally.
YTD Price Performance: -9.27%
Average Trading Volume: 1,080,153
Technical Sentiment Signal: Sell
Current Market Cap: Yen1179B
For a thorough assessment of 6586 stock, go to TipRanks’ Stock Analysis page.