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Isetan Mitsukoshi Acquires Treasury Shares to Optimize Capital

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Isetan Mitsukoshi Acquires Treasury Shares to Optimize Capital

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An update from Isetan Mitsukoshi Holdings ( (JP:3099) ) is now available.

Isetan Mitsukoshi Holdings has announced the acquisition of 997,200 treasury shares through market purchase on the Tokyo Stock Exchange, with a total acquisition cost of 2,545,484,700 yen. This move is part of a broader plan resolved by the Board of Directors to acquire up to 5,000,000 shares at a maximum cost of 10,000,000,000 yen, aimed at enhancing shareholder value and optimizing capital structure.

More about Isetan Mitsukoshi Holdings

Isetan Mitsukoshi Holdings Ltd. operates in the retail industry, focusing on department store management and related services. The company is listed on the Prime Market of the Tokyo Stock Exchange and is known for its diverse retail offerings.

YTD Price Performance: -0.31%

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $6.4B

For detailed information about 3099 stock, go to TipRanks’ Stock Analysis page.

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