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The latest update is out from Sekisui Chemical Co ( (JP:4204) ).
Sekisui Chemical Co., Ltd. has announced its decision to purchase and subsequently cancel up to 4,000,000 of its common shares. This move, aimed at improving capital efficiency and allowing for flexible capital policies, involves a maximum acquisition cost of 10.8 billion yen and is scheduled to occur between April 30, 2025, and March 31, 2026. The cancellation of these shares is set for May 23, 2025, which will reduce the total number of issued shares to 440,507,285. This strategic decision reflects Sekisui Chemical’s response to changing business environments and its commitment to optimizing shareholder value.
More about Sekisui Chemical Co
YTD Price Performance: -6.40%
Average Trading Volume: 817
Technical Sentiment Signal: Strong Sell
Current Market Cap: $7.15B
See more insights into 4204 stock on TipRanks’ Stock Analysis page.