Idemitsu Kosan Co ( (JP:5019) ) has provided an update.
Idemitsu Kosan Co., Ltd. announced the acquisition of 11,144,600 of its own common shares for approximately 11.4 billion yen, as part of a larger plan approved in May 2024 to acquire up to 90 million shares. This move is part of a strategic effort to manage capital efficiency and shareholder value, with the acquisition period running until March 2025. The ongoing share buyback could potentially enhance the company’s stock value and provide a more favorable position in the market.
More about Idemitsu Kosan Co
Idemitsu Kosan Co., Ltd. operates in the energy sector, primarily focusing on petroleum, lubricants, and other energy-related products. The company is a significant player in the Japanese market, providing essential energy solutions.
YTD Price Performance: 1.35%
Average Trading Volume: 2,142
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $9.37B
For a thorough assessment of 5019 stock, go to TipRanks’ Stock Analysis page.