RICOH CO (JP:7752) has released an update.
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Ricoh Company, Ltd. has announced a strategic move to repurchase and subsequently retire a portion of its common stock, aiming to enhance shareholder value and capital efficiency. The company plans to buy back 17,256,200 shares, representing 2.94% of its outstanding shares, with the transaction set to occur on the Tokyo Stock Exchange for approximately ¥30 billion. The retirement of these shares is scheduled for January 2025, reflecting Ricoh’s commitment to optimizing its financial structure.
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