Monex Group Initiates Share Repurchase Plan

Monex Group (JP:8698) has released an update.

Monex Group, Inc. has announced its decision to repurchase up to 5 billion yen of its own shares to return surplus cash to shareholders, after selling common shares and receiving about 46.6 billion yen. The company has also revised its shareholder distribution policy, aiming to enhance total shareholder returns by doubling the minimum annual dividend to 30 yen per share and committing to buybacks. The repurchase plan, which represents 5.43% of its outstanding shares, will be executed through market purchases until June 30, 2025.

For further insights into JP:8698 stock, check out TipRanks’ Stock Analysis page.