Reported 7 months ago
According to Nikkei News on June 12, 2024, Japanese listed companies announced plans to repurchase their own stocks totaling around 9 trillion yen (approximately $570 billion) from January to May, a 60% increase from the same period last year, nearing the record high repurchase amount of about 9.6 trillion yen in 2023. The increase in stock buybacks is attributed to the efforts by Tokyo Stock Exchange (TSE) to enhance stock price-to-book value ratios and improve capital efficiency, leading to stock price support and shareholder returns. Despite the rising costs, Japanese companies continue to buy back stocks to meet the pressure of utilizing funds more effectively, with the scale of buybacks continuously expanding.
Source: YAHOO