Mitsubishi Electric (JP:6503) has released an update.
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Mitsubishi Electric Corporation has announced a repurchase of up to 20 million shares of its common stock, representing 0.96% of its outstanding shares, with an aggregate value of up to 30 billion yen. The buyback, aimed at enhancing shareholder returns and capital efficiency, is scheduled between August 30 and October 31, 2024. This decision aligns with the company’s medium-term financial strategy.
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