Nippon Yusen Kabushiki Kaisha (JP:9101) has released an update.
Nippon Yusen Kabushiki Kaisha has announced the acquisition of 2,538,800 of its own shares, valued at approximately JPY 11.5 billion, between August 1 and August 31, 2024. This buyback is part of a larger plan approved on May 8, 2024, allowing for the purchase of up to 35 million shares, representing 7.6% of the total issued shares, with a maximum expenditure of JPY 100 billion by April 30, 2025. To date, the company has acquired 10,600,100 shares for nearly JPY 50 billion under this scheme.
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