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Daicel ( (JP:4202) ) has provided an update.
Daicel Corporation announced the acquisition of 712,500 shares of its common stock during January 2025, with a total acquisition amount of 974,158,950 yen, through market purchases on the Tokyo Stock Exchange. This acquisition is part of a broader plan approved by the Board of Directors to repurchase up to 12 million shares, reflecting 4.35% of outstanding shares, by the end of March 2025. This move is likely aimed at enhancing shareholder value and optimizing the company’s capital structure.
More about Daicel
Daicel Corporation operates in the chemical industry, primarily focusing on producing cellulose acetate, organic chemicals, and polymer products. The company is listed on the Prime Market of the Tokyo Stock Exchange and is engaged in various business segments including materials, healthcare, and safety.
YTD Price Performance: -0.34%
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $2.44B
See more insights into 4202 stock on TipRanks’ Stock Analysis page.
