Murata Manufacturing Co (JP:6981) has released an update.
Murata Manufacturing Co., Ltd. has completed a substantial purchase of its own common shares, acquiring 6,411,300 shares for a total cost of JPY 19,999,802,500 during the period from June 1, 2024, to June 30, 2024, through market transactions on the Tokyo Stock Exchange. This buyback is part of a larger initiative approved by the Board on April 26, 2024, which authorized the purchase of up to 44 million shares, representing 2.33% of issued shares, at a maximum cost of JPY 80 billion by October 31, 2024. To date, the company has bought 16,945,100 shares totaling JPY 49,999,548,150 since the Board’s resolution.
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