Murata Manufacturing Skips Share Buyback in August
Murata Manufacturing (TYO:6981) skipped its buyback program in August, according to its filing on Monday.
The manufacturer of electronics components is allowed to repurchase up to 44 million shares (2.33% of total shares) for up to 80 billion yen, from April 30 to Oct. 31.
As of Aug. 31, the company has repurchased nearly 17 million shares for close to 50 billion yen.
Murata Manufacturing's shares shed over 3% at market close.
Price (JPY): $2700.50, Change: $-86, Percent Change: -3.09%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.