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TOKYO GAS Co ( (JP:9531) ) just unveiled an update.
Tokyo Gas Co., Ltd. announced the acquisition of 4,917,400 shares of its common stock on the open market, amounting to approximately 23 billion yen. This buyback is part of a larger plan approved by the Board of Directors, allowing for the acquisition of up to 35 million shares by September 2025. The move is expected to enhance shareholder value and optimize the company’s capital structure.
More about TOKYO GAS Co
Tokyo Gas Co., Ltd. operates in the energy sector, primarily focusing on the provision of natural gas and energy solutions. The company is a leading player in the Japanese market, with a significant presence in both the Tokyo Stock Exchange and the Nagoya Stock Exchange Prime Markets.
YTD Price Performance: 20.02%
Average Trading Volume: 100
Technical Sentiment Signal: Sell
Current Market Cap: $12.83B
For a thorough assessment of 9531 stock, go to TipRanks’ Stock Analysis page.