Koito Manufacturing Advances Share Buyback Program

Koito Manufacturing Co (JP:7276) has released an update.

Koito Manufacturing Co., Ltd. has been actively purchasing its own shares, acquiring 2,101,400 common shares between September 1 and September 30, 2024, at a cost of approximately ¥4.25 billion. This buyback is part of a larger program announced on March 28, 2024, which outlined a maximum target of 35 million shares, representing 11.37% of total issued shares, with a ceiling of ¥50 billion to be spent by March 24, 2025. As of September 30, the company has bought back 12,173,400 shares, totaling around ¥26.1 billion in costs.

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