Mabuchi Motor Co (JP:6592) has released an update.
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Mabuchi Motor Co., Ltd. has acquired 251,100 shares of its own common stock for ¥550,618,100 between August 16, 2024, and August 31, 2024, as part of its treasury stock purchase program. This buyback represents 12.6% of the maximum allowed under the current resolution, with the total expenditure standing at 18.4% of the allocated ¥3.0 billion maximum purchase cost. The company plans to cancel all acquired treasury shares, with the cancellation date yet to be decided.
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