Mitsubishi Pencil Company, Limited (JP:7976) has released an update.
Mitsubishi Pencil Company, Limited has announced plans to acquire and cancel up to 800,000 of its own shares to improve shareholder returns and capital efficiency. The buyback, capped at ¥2.0 billion, will occur between August 9 and November 29, 2024, with the cancellation scheduled for December 20, 2024. This strategic move is aimed at adapting to changes in the business environment.
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