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Toho Co ( (JP:9602) ) has issued an update.
Toho Co., Ltd. announced the completion of the cancellation of 10,490,633 shares of its treasury stock, which accounted for 5.63% of its outstanding shares before cancellation. This move, resolved at a recent Board of Directors’ meeting, is expected to streamline the company’s capital structure and potentially enhance shareholder value.
More about Toho Co
Toho Co., Ltd. operates in the entertainment industry, primarily focusing on film production, distribution, and exhibition. It is a prominent player in the Japanese market, listed on the Prime Market of the Tokyo Stock Exchange and the Fukuoka Stock Exchange.
YTD Price Performance: 44.05%
Technical Sentiment Signal: Sell
Current Market Cap: $9.8B
For an in-depth examination of 9602 stock, go to TipRanks’ Stock Analysis page.