Odakyu Electric Railway Co (JP:9007) has released an update.
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Odakyu Electric Railway Co., Ltd. plans to buy back up to 18 million shares, representing approximately 5% of its outstanding stock, for a total cost of up to 20 billion yen. This decision aligns with the company’s goal to maintain a consolidated total return ratio of 40% between FY2023 and FY2026, while also aiming to enhance shareholder value and improve capital efficiency. The share buyback, running from August 13, 2024, to March 31, 2025, will be executed through market purchases on the Tokyo Stock Exchange.
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