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森永菓---大幅反発、ASR活用した自己株式の取得実施を発表/個別銘柄分析コメント

Morinaga confectionery---significantly rebounded, announced the implementation of repurchasing treasury stock utilizing ASR / individual stock analysis comments.

Fisco Japan ·  Nov 19, 2024 09:38


Morinaga Confectionery <2201> made a significant rebound. The company announced a Share Buyback the previous day. The buyback involves acquiring 4.2 million shares, which represents 4.68% of the outstanding shares, with a purchase cap of 10 billion yen. The aim is to enhance shareholder returns and improve capital efficiency. The shares are set to be purchased through off-exchange Trade on November 19, with 2.5 million shares being acquired using a method known as accelerated Share Buyback (ASR), which involves acquiring a large block of Shares at once through a securities company, among others. Anticipation for a short-term impact on stock prices is prevailing.

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