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An announcement from Shimano ( (JP:7309) ) is now available.
Shimano Inc. has announced the acquisition of 633,900 of its own shares, amounting to 13,165,587,000 yen, as part of its ongoing share repurchase program. This move is part of a larger plan approved by the Board of Directors to acquire up to 2,500,000 shares by January 2026, which aims to enhance shareholder value and optimize capital structure.
More about Shimano
Shimano Inc. operates in the manufacturing industry, primarily focusing on the production of cycling components, fishing tackle, and rowing equipment. The company is well-known for its high-quality products and holds a significant market position in the global cycling and fishing industries.
YTD Price Performance: -0.59%
Average Trading Volume: 1,037
Technical Sentiment Signal: Buy
Current Market Cap: $12.49B
See more data about 7309 stock on TipRanks’ Stock Analysis page.