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Escorts Kubota to Hike Tractor Prices in May
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.
Stocks that moved and those that were traded in the front market.
* GMO Internet <4784> 2836 +287 capital tends to gather easily during overall market downturns. * Japan Agrochemicals <4997> 834 +44 speculations on the fate of ADEKA's shareholding. * Yamazen <8051> 1425 +71 expectations of lower overseas procurement prices may be a background factor. * Mitsui Sumitomo Construction <1821> 479 +24 continued material view regarding activist buyouts. * Japan Communications <9424> 158 +6 the strength of relative buying assurance and value perception.
ABC Mart, Fuji Electric, etc. (additional) Rating
Target Price Change Code Stock Name Securities Company Previous Change After----------------------------------------------------<3226> Accommo F Nomura 123,400 yen 131,000 yen <2587> Suntory BF Mizuho 5,300 yen 5,050 yen <2670> ABC Mart Mizuho 3,100 yen 2,800 yen <6301> Komatsu GS 5,100 yen 4,600 yen <6305> Hitachi Construction GS 4,400 yen 4,100 yen <6326> Kubota
