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KOKUYO Extends Gains for Fifth Day on Share Buyback Plan of Up to 20 Million Shares
KOKUYO CO.,LTD. <7984> extended its gains for a fifth consecutive day. The move was driven by the company's announcement after market close on the 27th that it will implement a share buyback program. The buyback will be capped at 20 million shares (4.65% of issued shares excluding treasury stock) or \15 billion, whichever comes first. The acquisition period will run from April 16 to December 31. The company noted that this initiative is based on its medium-term management plan, which concludes in the fiscal year ending December 2027, and includes a policy to acquire \35 billion worth of treasury shares.
Source: MINKABU PRESS
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