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Torishima Pump Mfg.Co., Ltd. ( (JP:6363) ) just unveiled an announcement.
Torishima Pump Mfg. Co., Ltd. has announced a strategic move to purchase treasury stock as part of its capital policy. This decision comes in response to the expiration of its Employee Stock Ownership Plan trust, aiming to mitigate market impact and ensure capital flexibility. The company plans to acquire up to 150,000 shares at a maximum cost of ¥270,000,000 through the Tokyo Stock Exchange’s ToSTNeT-3 system, with the acquisition results to be disclosed shortly after the transaction.
More about Torishima Pump Mfg.Co., Ltd.
Torishima Pump Mfg. Co., Ltd. operates in the manufacturing industry, focusing on the production of pumps and related systems. The company is listed on the Tokyo Stock Exchange Prime Market and is known for its expertise in providing industrial solutions, particularly in the field of fluid management.
Average Trading Volume: 75,751
Technical Sentiment Signal: Hold
Current Market Cap: Yen48.17B
See more insights into 6363 stock on TipRanks’ Stock Analysis page.