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Ricoh Launches ¥30 Billion Share Buyback Program.
Ricoh Company, Ltd. has revealed a strategic initiative to repurchase and retire a portion of its common stock, with the goal of boosting shareholder value and improving capital efficiency. The company intends to buy back 17,256,200 shares, or 2.94% of its total outstanding shares, in a transaction valued at around ¥30 billion on the Tokyo Stock Exchange. The shares will be retired in January 2025, underscoring Ricoh’s dedication to enhancing its financial structure.
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