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OSG ( (JP:6136) ) has issued an announcement.
OSG Corporation has announced a decision to repurchase its own shares through an off-auction transaction on the Tokyo Stock Exchange. This strategic move, resolved by the Board of Directors, involves buying back up to 610,000 shares at a total price of ¥984,235,000, with the aim to enhance shareholder value and optimize capital structure. The repurchase is part of a broader plan to acquire up to 3.5 million shares by August 2025, reflecting the company’s commitment to proactive financial management.
More about OSG
OSG Corporation operates in the manufacturing industry, focusing on producing cutting tools and related products. The company is listed on the Tokyo and Nagoya Stock Exchanges and is known for its precision tools that cater to various industrial applications.
YTD Price Performance: -13.64%
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.04B
For detailed information about 6136 stock, go to TipRanks’ Stock Analysis page.