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Morinaga & Co ( (JP:2201) ) just unveiled an announcement.
Morinaga & Co., Ltd. announced a decision to repurchase up to 2,000,000 of its common shares through the Tokyo Stock Exchange’s off-auction trading system, ToSTNeT-3, at a price of ¥2,499.5 per share. This move, resolved at the Board of Directors meeting, reflects a strategic effort to manage its capital structure and potentially enhance shareholder value, with the repurchase representing 2.32% of the total shares issued, excluding treasury stock.
More about Morinaga & Co
Morinaga & Co., Ltd. is a company listed on the Prime Market of the Tokyo Stock Exchange, primarily involved in the food industry. The company is known for producing a variety of confectionery products and has a significant presence in the Japanese market.
YTD Price Performance: -4.14%
Average Trading Volume: 250,073
Technical Sentiment Signal: Hold
Current Market Cap: Yen214B
See more insights into 2201 stock on TipRanks’ Stock Analysis page.