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Tsubakimoto Chain Co. ( (JP:6371) ) has issued an announcement.
Tsubakimoto Chain Co. has announced the acquisition of 1,130,000 shares of its own common stock for a total cost of 2,210,884,294 yen, as part of a larger plan to purchase up to 6,500,000 shares. This move, resolved at the Board of Directors meeting on May 14, 2025, is aimed at optimizing capital structure and potentially enhancing shareholder value.
More about Tsubakimoto Chain Co.
Tsubakimoto Chain Co. operates in the manufacturing industry, focusing on the production of chains and power transmission products. The company is listed on the Prime Market of the Tokyo Stock Exchange.
Average Trading Volume: 229,317
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen223.3B
Learn more about 6371 stock on TipRanks’ Stock Analysis page.