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Maruichi Steel Tube Ltd. ( (JP:5463) ) just unveiled an announcement.
Maruichi Steel Tube Ltd. has announced the progress of its share repurchase program, acquiring 81,400 common shares at a cost of 273,843,200 yen between May 1 and May 31, 2025. This is part of a larger resolution passed in December 2024, allowing for the repurchase of up to 5,500,000 shares by June 20, 2025, with a maximum budget of 20 billion yen. As of May 31, 2025, the company has acquired a total of 4,921,900 shares, reflecting a strategic move to manage its capital structure and potentially enhance shareholder value.
More about Maruichi Steel Tube Ltd.
Maruichi Steel Tube Ltd. operates in the steel industry, focusing on the production and distribution of steel tubes. The company is listed on the Tokyo Stock Exchange Prime Market and is known for its manufacturing capabilities in steel tube products.
Average Trading Volume: 192,036
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen250.1B
For detailed information about 5463 stock, go to TipRanks’ Stock Analysis page.