Oji Holdings ( (JP:3861) ) has issued an update.
Oji Holdings Corporation has announced a strategic move to repurchase up to 23 million of its common shares through the Tokyo Stock Exchange’s off-auction trading system, with a maximum expenditure of JPY 17 billion. This decision is part of a broader repurchase plan approved by the Board of Directors to enhance shareholder value, reflecting the company’s commitment to optimizing its capital structure and responding to shareholder intentions.
More about Oji Holdings
Oji Holdings Corporation operates in the paper and packaging industry, focusing on the production of paper products and related services. It is a prominent player in the Tokyo Stock Exchange Prime Market, with a strong emphasis on sustainable and innovative solutions in the paper manufacturing sector.
YTD Price Performance: 7.11%
Average Trading Volume: 800
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.14B
For detailed information about 3861 stock, go to TipRanks’ Stock Analysis page.