Tokyo Electron (JP:8035) has released an update.
Tokyo Electron Limited has announced a share repurchase plan, aiming to buy back up to 3.5 million shares, equivalent to 0.8% of its outstanding shares, for a total cost of up to 70 billion yen. This initiative is part of the company’s capital policy to optimize its cash position and support long-term revenue growth.
For further insights into JP:8035 stock, check out TipRanks’ Stock Analysis page.
