tiprankstipranks
Trending News
More News >

Morito Co., Ltd. Halts Treasury Share Repurchase Amid Acquisition Developments

Story Highlights
Morito Co., Ltd. Halts Treasury Share Repurchase Amid Acquisition Developments

Don’t Miss TipRanks’ Half-Year Sale

Morito Co., Ltd. ( (JP:9837) ) has shared an announcement.

Morito Co., Ltd. announced that it did not repurchase any treasury shares during the specified period from June 1, 2025, to June 30, 2025, despite having a resolution in place to acquire up to 1,200,000 shares. The decision was influenced by the anticipated negative goodwill arising from the acquisition of Mitsuboshi Corporation’s shares, which is expected to impact the company’s consolidated financial results. The company plans to disclose the financial impact once it is determined.

More about Morito Co., Ltd.

Morito Co., Ltd. operates in the manufacturing industry, focusing on producing and distributing various fastening materials, including hooks and loops, buttons, and other related products. The company is headquartered in Osaka, Japan, and is listed on the Tokyo Stock Exchange Prime Market.

Average Trading Volume: 65,377

Technical Sentiment Signal: Buy

Current Market Cap: Yen36.66B

Find detailed analytics on 9837 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1