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Mitsubishi Logistics ( (JP:9301) ) has issued an update.
Mitsubishi Logistics Corporation announced its decision to acquire and subsequently cancel treasury shares as part of its strategy to enhance shareholder returns and improve capital efficiency. The acquisition will involve up to 33 million shares, representing 9.2% of the total issued shares, with a budget of 20 billion yen, to be executed through open-market purchases on the Tokyo Stock Exchange by March 2026.
More about Mitsubishi Logistics
Mitsubishi Logistics Corporation operates in the logistics industry, providing services such as warehousing, transportation, and distribution. The company focuses on enhancing operational efficiency and shareholder value within the logistics sector.
YTD Price Performance: -13.11%
Average Trading Volume: 82
Technical Sentiment Signal: Sell
Current Market Cap: €2.24B
Learn more about 9301 stock on TipRanks’ Stock Analysis page.