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TOKYO KIKAI SEISAKUSHO surges on share buyback announcement
TOKYO KIKAI SEISAKUSHO,LTD. <6335> extended sharp gains to hit a year-to-date high. TOKYO KIKAI SEISAKUSHO announced a share buyback program after the close on the 20th. It will repurchase up to 200,000 shares, or 2.47% of outstanding stock excluding treasury shares, for up to 100 million yen between May 21 and Aug. 31. The move aims to boost shareholder returns and improve capital efficiency.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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