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Tsurumi Manufacturing Co ( (JP:6351) ) has provided an announcement.
Tsurumi Manufacturing Co., Ltd. has announced a strategic decision by its Board of Directors to acquire and subsequently cancel a portion of its treasury stock. This move aims to improve capital efficiency, return profits to shareholders, and maintain a flexible capital policy. The acquisition will involve up to 600,000 shares, representing 2.49% of the total outstanding shares, with a maximum expenditure of 2.4 billion yen. The cancellation of 2,086,514 shares is scheduled for May 20, 2025, reducing the total number of issued shares to 25,413,486. This decision reflects the company’s proactive approach to managing its capital structure and enhancing shareholder value.
More about Tsurumi Manufacturing Co
Tsurumi Manufacturing Co., Ltd. operates in the manufacturing industry, focusing on producing and supplying industrial machinery and equipment. The company is known for its commitment to enhancing capital efficiency and adapting to changes in the business environment.
Average Trading Volume: 21,478
Current Market Cap: Yen87.01B
For an in-depth examination of 6351 stock, go to TipRanks’ Stock Analysis page.