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Oji Holdings ( (JP:3861) ) has provided an update.
Oji Holdings Corporation announced the repurchase of 21,479,000 shares of its common stock, amounting to JPY 13,423,324,800, as part of a broader share buyback program authorized by its Board of Directors. This move is part of a strategic initiative to enhance shareholder value, with a maximum limit set at 100 million shares or JPY 50 billion. The repurchase is conducted through the Tokyo Stock Exchange and aims to optimize the company’s capital structure and improve returns for investors.
More about Oji Holdings
Oji Holdings Corporation operates in the paper and packaging industry, focusing on the production of paper products, packaging materials, and related services. The company is listed on the Tokyo Stock Exchange and is known for its extensive market reach and innovation in sustainable packaging solutions.
YTD Price Performance: 6.96%
Average Trading Volume: 800
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.08B
For a thorough assessment of 3861 stock, go to TipRanks’ Stock Analysis page.