Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Exedy Corporation ( (JP:7278) ) just unveiled an update.
Exedy Corporation has completed the acquisition of its own shares, as decided by the Board of Directors in October 2024. The company successfully acquired 108,300 common shares at a total price of 490,230,000 yen through open market purchases on the Tokyo Stock Exchange. This strategic move is part of a larger plan to acquire up to 12,000,000 shares, representing 28.71% of the total issued shares, with an allocated budget of 30 billion yen. The acquisition is expected to enhance shareholder value and optimize the company’s capital structure.
More about Exedy Corporation
Exedy Corporation operates in the automotive industry, primarily focusing on the production of clutch systems and torque converters. The company is known for its advanced technology and innovative solutions, catering to both the original equipment manufacturer (OEM) market and the aftermarket sector.
YTD Price Performance: 5.22%
Average Trading Volume: 50
Technical Sentiment Signal: Sell
Current Market Cap: €1.28B
Find detailed analytics on 7278 stock on TipRanks’ Stock Analysis page.