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An update from Open Up Group Inc. ( (JP:2154) ) is now available.
Open Up Group Inc. has announced a plan to repurchase treasury shares through the Tokyo Stock Exchange’s ToSTNeT-3 system. This move follows a notification from a major shareholder intending to sell shares, and aims to improve capital efficiency and enhance earnings per share for existing shareholders. The company plans to acquire up to 2,050,000 shares, representing 2.23% of its outstanding shares, with a maximum expenditure of 4 billion yen.
More about Open Up Group Inc.
Open Up Group Inc. operates in the financial sector, focusing on reshaping its business portfolio through acquisitions and divestitures to enhance long-term corporate value. The company is committed to improving shareholder returns through measures like dividend increases and share repurchases.
Average Trading Volume: 203,840
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen171.8B
See more insights into 2154 stock on TipRanks’ Stock Analysis page.