Hankyu Hanshin turns positive in late afternoon trade after expanding share buyback program
Hankyu Hanshin Holdings, Inc. <9042> turned positive in late afternoon trading. Around 3:00 p.m., the company announced an expansion of its share buyback program originally unveiled on Sept. 15, raising the limit of shares to acquire from 7.5 million to 12 million (representing 5.16% of issued shares excluding treasury stock) and boosting the maximum buyback value from 30 billion yen to 50 billion yen, spurring buying interest. The buyback period, previously set to run through Sept. 29, has been extended to March 31, 2027. Hankyu Hanshin aims to enhance shareholder returns and improve capital efficiency.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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