Home
Market News
Breaking stock market headlines
Earnings Flash
Breaking coverage of earnings reports, forecasts & dividend updates
Trends
Market movers, trading patterns & key market indicators
Disclosures
Official filings & reports from listed Japanese companies
Explorer
Stock lists filtered by fundamental & technical metrics
SAKURAI shares plunge on securities surveillance designation
SAKURAI LTD. <7255> shares fell sharply. The Tokyo Stock Exchange announced after trading on the 31st that the company's stock will be designated as a securities under supervision (confirmation) effective April 1st, weighing on investor sentiment. The company had entered an improvement period after failing to meet the "market capitalization of tradable shares" criteria for continued listing on the Standard Market, but was unable to confirm compliance with the criteria as of the end of the improvement period on the 31st.
The company also announced a share buyback program. The repurchase will be capped at 200,000 shares (6.02% of issued shares excluding treasury stock) or \100 million, with the acquisition period running from April 1st to September 30th. The stated purpose is to improve capital efficiency and execute flexible capital policy in response to changes in the business environment.
Source: MINKABU PRESS
Related Articles
Nxera Pharma surges again, briefly hitting daily limit as partner Centessa to be acquired by Eli Lilly
JELLY BEANS Continues to Rise on Plans to Establish SPC for Recycled Heavy Oil Refinery Business Through Subsidiary
"Rare Earths" Ranks 3rd as Mitsubishi Materials Pursues Critical Minerals Recycling in U.S. - Featured Theme
Apa Holdings Acquires Over 5% Stake in WASHINGTON HOTEL, Cites 'Pure Investment' Purpose
SAMCO shares surge to 9,000 yen level on renewed buying in AI data center-related stocks
WASHINGTON HOTEL draws buying interest after APA emerges as major shareholder
W TOKYO Ranks 3rd in Rising Buy Predictions Among Individual Investors on Minkabu
Dynamic Map Platform surges on launch of snow removal support system in Yamagata Prefecture
TSURUMI MANUFACTURING Surges on Increased Stake by Dalton Investments
ADVANTEST shares fall back on \100 billion overseas CB issuance