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Kubota shares rise on share buyback program of up to 15 million shares
Kubota Corporation <6326> shares are trading higher after the company announced around 2 p.m. on Tuesday a share buyback program of up to 15 million shares and 30 billion yen. The program, representing 1.3% of total issued shares excluding treasury stock, provided immediate buying support for the stock.
The buyback aims to enhance per-share value as part of Kubota's shareholder return policy. The acquisition period is scheduled to run from Wednesday through Dec. 18.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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