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An announcement from Murata Manufacturing Co ( (JP:6981) ) is now available.
Murata Manufacturing Co., Ltd. announced the purchase of 11,591,600 of its own common shares, totaling a cost of JPY 23,953,422,700, as part of a strategic buyback plan. This move, conducted through the Tokyo Stock Exchange, is part of a larger initiative approved by the Board of Directors to purchase up to 77,000,000 shares, aiming to enhance shareholder value and optimize capital structure.
More about Murata Manufacturing Co
Murata Manufacturing Co., Ltd. operates in the electronics industry, primarily focusing on the production of electronic components, modules, and devices. The company is known for its innovation in the field of electronic materials and components, serving a wide range of markets including consumer electronics, automotive, and telecommunications.
Learn more about 6981 stock on TipRanks’ Stock Analysis page.