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Roland Corporation Completes Strategic Share Repurchase

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Roland Corporation Completes Strategic Share Repurchase

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An announcement from Roland Corporation ( (JP:7944) ) is now available.

Roland Corporation announced the successful completion of its share repurchase program, acquiring 1,518,300 shares, representing 5.5% of its outstanding shares, at a cost of ¥5,799,906,000 through the Tokyo Stock Exchange’s off-auction system. This strategic move was in response to the largest shareholder, Taiyo Jupiter Holdings, L.P., distributing and disposing of its shares, impacting the market supply and demand, and reflecting Roland’s commitment to optimizing shareholder returns and capital efficiency.

More about Roland Corporation

Roland Corporation operates in the music industry, specializing in the development and production of electronic musical instruments, equipment, and software. The company has a strong market focus on innovative musical solutions and technology integrations for both amateur and professional musicians worldwide.

YTD Price Performance: 0.26%

Average Trading Volume: 44,737

Technical Sentiment Consensus Rating: Sell

Current Market Cap: Yen109B

See more insights into 7944 stock on TipRanks’ Stock Analysis page.

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