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The latest announcement is out from Tsubakimoto Chain Co. ( (JP:6371) ).
Tsubakimoto Chain Co. has announced the acquisition of 2,261,800 shares of its treasury stock at a total cost of 4,003,386,000 yen, as part of a resolution passed by its Board of Directors. This move is part of a broader strategy to purchase up to 6,500,000 shares, with a maximum expenditure of 10 billion yen, aimed at optimizing capital structure and potentially enhancing shareholder value.
More about Tsubakimoto Chain Co.
Tsubakimoto Chain Co. operates in the manufacturing industry, specializing in the production of chains and power transmission components. The company focuses on providing high-quality products for various industrial applications, aiming to enhance efficiency and reliability in machinery and equipment.
Average Trading Volume: 218,568
Technical Sentiment Signal: Buy
Current Market Cap: Yen188.7B
Find detailed analytics on 6371 stock on TipRanks’ Stock Analysis page.