Mabuchi Motor Co (JP:6592) has released an update.
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Mabuchi Motor Co., Ltd. has announced its decision to buy back up to 2 million of its own shares, representing 1.6% of its outstanding common stock, with the intention to improve capital efficiency and shareholder returns. The company has allocated a maximum of ¥3.0 billion for this purchase, which is scheduled to occur from August 16 to December 23, 2024. Following the buyback, Mabuchi Motor plans to cancel the acquired treasury stock to adjust capital in response to the changing business environment.
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