MinebeaMitsumi Completes Share Buyback Phase

MinebeaMitsumi (JP:6479) has released an update.

MinebeaMitsumi Inc. has announced the completion of a share repurchase program, buying back 1,283,900 shares of common stock for a total cost of 3.468 billion yen within the period of September 2024. This buyback is part of a broader repurchase plan authorized on August 2, 2024, which allows for up to 2.8 million shares to be repurchased, representing a 0.69% of the outstanding shares, with a maximum expenditure of 10 billion yen by December 23, 2024.

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