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ASAHI BROADCASTING GROUP HOLDINGS CORPORATION surges on share buyback announcement
ASAHI BROADCASTING GROUP HOLDINGS CORPORATION <9405> extended sharp gains. After the close of trading on May 21, the company announced it will conduct a share buyback, supporting the stock. The buyback is capped at 1.25 million shares (2.99% of outstanding shares) or 1 billion yen, with the acquisition period running from May 22 to March 31 next year. The company aims to improve capital efficiency and enhance shareholder returns to boost medium- to long-term corporate value, while enabling a flexible capital policy in response to changes in the business environment.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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