Azbil Corporation to Repurchase and Cancel Shares

Azbil Corporation (JP:6845) has released an update.

Azbil Corporation has announced a strategic move to repurchase up to 24 million of its own shares and cancel 5.36 million treasury shares to boost capital efficiency and shareholder returns. This initiative, valued at a maximum of 15 billion yen, aims to adapt to the changing corporate environment while investing in employee stock ownership plans. The repurchase will be conducted through market transactions on the Tokyo Stock Exchange between November 2024 and March 2025.

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