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Kubota to Buy Back Up to 16 Million Shares
Kubota announced a Share Buyback on April 22.
On April 22 (Tuesday), the following companies announced the establishment of a stock buyback program: <6326> Kubota, 16 million shares (1.4%), 20 billion yen (from April 25, 2023, to December 15, 2025). *The percentage in parentheses indicates the ratio to the total number of issued shares (excluding treasury stock). *The number of shares and amounts are upper limits.
Kubota temporarily surged as it set up a share buyback limit of 16 million shares.
Kubota <6326.T> surged, reaching a temporary high of 1,661 yen, up 56.5 yen. On the afternoon of the 22nd, it announced the establishment of a share buyback program, which was seen as positive news. The buyback program has a limit of 16 million shares (1.4% of outstanding shares excluding treasury stock) and 20 billion yen. The acquisition period is from April 23 to December 15. As part of shareholder return measures, the decision was made to buy back shares to enhance the value per share. As of 2:22 PM, the stock price was 1,619 yen, up 15 yen compared to the previous day.
