West Japan Railway Company (JP:9021) has released an update.
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West Japan Railway Company has announced the cancellation of 16,993,400 shares of its treasury stock, which represents 3.5% of its outstanding shares, as part of a strategic move to optimize its capital structure. This will reduce the total number of shares outstanding to 471,009,800 by mid-November 2024, potentially enhancing shareholder value and reflecting confidence in the company’s financial stability.
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