Suruga Bank ( (JP:8358) ) has provided an update.
Suruga Bank has completed the repurchase of 1,470,100 shares of its common stock at a total cost of 1,812,026,900 yen, as part of a resolution made by the Board of Directors on February 6, 2025. This acquisition is part of a larger plan to repurchase up to 4,500,000 shares, with a maximum total acquisition cost of 6,000 million yen, aimed at optimizing the company’s capital structure.
More about Suruga Bank
Suruga Bank, Ltd. operates in the financial services industry, primarily providing banking services. It is listed on the Prime Market of the Tokyo Stock Exchange and focuses on offering a range of financial products and services to its customers.
YTD Price Performance: 10.99%
Technical Sentiment Signal: Sell
Current Market Cap: $1.44B
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