Atrae ( (JP:6194) ) has provided an update.
Atrae, Inc. has announced its Board of Directors’ decision to acquire and subsequently cancel its treasury shares, aiming to enhance shareholder returns and improve capital efficiency. This strategic move will involve purchasing up to 600,000 common shares through market purchase on the Tokyo Stock Exchange, and is intended to provide flexibility in capital policy amidst changing business conditions, ultimately increasing shareholder value over the medium to long term.
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