EXEDY Corporation Updates on Share Buyback Progress

Tip Ranks
2025.02.03 07:40
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EXEDY Corporation, listed on the Tokyo Stock Exchange, announced the acquisition of 1,137,700 common shares for 5,090,022,487 yen as part of its share buyback plan. This initiative, authorized by the Board in October 2024, aims to buy back up to 12,000,000 shares by October 2025, reflecting a strategic move to enhance shareholder value.

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Exedy Corporation ( (JP:7278) ) just unveiled an announcement.

EXEDY Corporation, a company listed on the Tokyo Stock Exchange Prime Market, announced the status of its acquisition of own shares for January 2025. It acquired 1,137,700 common shares at a total price of 5,090,022,487 yen through open market purchases. This move is part of a broader share buyback plan authorized by the Board of Directors in October 2024, aiming to acquire up to 12,000,000 shares by October 2025, indicating a strategic effort to enhance shareholder value.

More about Exedy Corporation

YTD Price Performance: 11.90%

Average Trading Volume: 50

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €1.42B

Learn more about 7278 stock on TipRanks’ Stock Analysis page.

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