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Oji Holdings ( (JP:3861) ) has provided an update.
Oji Holdings Corporation has announced the repurchase of 23,751,300 treasury shares at a cost of JPY 13,255,600,530, as part of a Board resolution to acquire up to 100 million shares by December 2025. This buyback initiative is aimed at optimizing the company’s capital structure and potentially increasing shareholder value, reflecting the company’s strategic focus on enhancing financial efficiency.
More about Oji Holdings
Oji Holdings Corporation operates in the paper manufacturing industry, producing a variety of paper products and packaging solutions. The company is listed on the Tokyo Stock Exchange Prime Market and focuses on expanding its market presence in the paper and packaging sectors.
YTD Price Performance: 0.26%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.8B
See more insights into 3861 stock on TipRanks’ Stock Analysis page.
