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Yushin Company rebounds on announcement of 4.6% share buyback
Yushin Company <6482> is rebounding after a three-day decline. The company is a "niche-top" player with the world's leading market share in take-out robots for plastic molded products, with more than 60% of sales generated overseas, primarily in Asia. For the fiscal year ending March 2027, the company forecasts a 57% year-on-year surge in operating profit, signaling a clear recovery.
Against this backdrop, the company demonstrated a strong commitment to shareholder returns, announcing a share buyback after the closing bell on the 26th. The buyback will be executed through the Tokyo Stock Exchange's off-exchange trading system on the morning of the 27th, with an upper limit of 1.5 million shares, equivalent to 4.59% of outstanding shares, and 988.5 million yen in value. This attracted investors anticipating improved per-share value (enhanced capital efficiency) and tighter stock supply-demand dynamics.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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