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Suruga Bank ( (JP:8358) ) has issued an announcement.
Suruga Bank, Ltd. announced the repurchase of 1,214,400 shares of its common stock at a total cost of 1,605,640,500 yen, conducted through market purchases on the Tokyo Stock Exchange. This move is part of a broader strategy authorized by the Board of Directors to repurchase up to 4,500,000 shares, aiming to optimize the company’s capital structure and potentially enhance shareholder value.
More about Suruga Bank
Suruga Bank, Ltd. operates in the financial services industry, primarily providing banking services. It is listed on the Prime Market of the Tokyo Stock Exchange and focuses on offering common stock as part of its financial products.
YTD Price Performance: 26.07%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.69B
For an in-depth examination of 8358 stock, go to TipRanks’ Stock Analysis page.
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