Maruichi Steel Tube Ltd. ( (JP:5463) ) has shared an announcement.
Maruichi Steel Tube Ltd. has announced the progress of its share repurchase program, acquiring 357,100 common shares at a cost of 1,256,411,400 yen between March 1 and March 31, 2025. This move is part of a larger initiative approved by the Board of Directors to repurchase up to 5,500,000 shares, reflecting 6.76% of the company’s total issued shares, with a maximum budget of 20 billion yen, aimed at optimizing capital structure and enhancing shareholder returns.
More about Maruichi Steel Tube Ltd.
Maruichi Steel Tube Ltd. operates in the steel industry, focusing on the production and distribution of steel tubes. The company is listed on the Tokyo Stock Exchange Prime Market and is known for its commitment to enhancing shareholder value through strategic financial maneuvers.
YTD Price Performance: 1.02%
Average Trading Volume: 135,405
Technical Sentiment Signal: Sell
Current Market Cap: Yen248.6B
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