Janome Sewing Machine Co (JP:6445) has released an update.
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Janome Corporation has announced its plan to acquire up to 650,000 of its own shares, representing 3.5% of issued shares, in a move aimed at enhancing shareholder value and improving capital efficiency. The acquisition, valued at a maximum of 500 million yen, will occur via open market purchases on the Tokyo Stock Exchange between November 11, 2024, and March 15, 2025. Subsequently, all acquired shares will be canceled by March 31, 2025.
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