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Mitsubishi Pencil Completes Treasury Share Acquisition and Cancellation

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Mitsubishi Pencil Completes Treasury Share Acquisition and Cancellation

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Mitsubishi Pencil Company, Limited ( (JP:7976) ) has shared an update.

Mitsubishi Pencil Company has completed the acquisition and cancellation of its treasury shares as per the resolutions made in February 2025. This strategic move involved acquiring 1,000,000 common shares for approximately ¥2.39 billion and subsequently canceling these shares, which represents 1.64% of the total shares outstanding. The cancellation is scheduled for August 25, 2025, and is expected to optimize the company’s capital structure and potentially enhance shareholder value.

More about Mitsubishi Pencil Company, Limited

Mitsubishi Pencil Company, Limited operates in the stationery industry, primarily manufacturing writing instruments such as pens and pencils. The company is a key player in the market, focusing on innovation and quality in its product offerings.

Average Trading Volume: 146,766

Technical Sentiment Signal: Sell

Current Market Cap: Yen113.9B

For detailed information about 7976 stock, go to TipRanks’ Stock Analysis page.

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