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Toho Co ( (JP:9602) ) has provided an announcement.
TOHO CO., LTD. announced the cancellation of 10,490,633 shares of its treasury stock, which constitutes 5.63% of its outstanding shares prior to cancellation. This strategic move, set to be completed by April 30, 2025, is expected to optimize the company’s capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.
More about Toho Co
TOHO CO., LTD. operates in the entertainment industry, primarily focusing on film production, distribution, and exhibition. The company is listed on the Prime Market of the Tokyo Stock Exchange and the Fukuoka Stock Exchange.
YTD Price Performance: 46.47%
Technical Sentiment Signal: Strong Sell
Current Market Cap: $10.06B
See more insights into 9602 stock on TipRanks’ Stock Analysis page.