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Tsubakimoto Chain Co. ( (JP:6371) ) has issued an announcement.
Tsubakimoto Chain Co. announced the completion of a treasury stock purchase, acquiring 2,261,800 shares at a total cost of 4,003,386,000 yen through the Tokyo Stock Exchange’s off-auction trading system. This move is part of a broader strategy authorized by the Board of Directors to repurchase up to 6,500,000 shares, aiming to enhance shareholder value and optimize capital structure.
More about Tsubakimoto Chain Co.
Tsubakimoto Chain Co. operates in the manufacturing industry, focusing on producing chains and power transmission products. The company is listed on the Prime Market of the Tokyo Stock Exchange and is known for its technological advancements and market presence in the industrial sector.
Average Trading Volume: 251,044
Technical Sentiment Signal: Buy
Current Market Cap: Yen188.7B
For an in-depth examination of 6371 stock, go to TipRanks’ Overview page.