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Mitaningyo Co (TSE:8285) 6-Month Share Buyback Ratio : 0.00% (As of Sep. 2024 )


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What is Mitaningyo Co 6-Month Share Buyback Ratio?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

6-Month Share Buyback Ratio measures the proportion of a company's outstanding shares repurchased over the past six months, calculated as the percentage change in shares outstanding from two quarters ago to the current quarter. A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance. Mitaningyo Co's current 6-Month Share Buyback Ratio was 0.00%.

Competitive Comparison of Mitaningyo Co's 6-Month Share Buyback Ratio

For the Conglomerates subindustry, Mitaningyo Co's 6-Month Share Buyback Ratio, along with its competitors' market caps and 6-Month Share Buyback Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mitaningyo Co's 6-Month Share Buyback Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Mitaningyo Co's 6-Month Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Mitaningyo Co's 6-Month Share Buyback Ratio falls into.


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Mitaningyo Co 6-Month Share Buyback Ratio Calculation

Mitaningyo Co's 6-Month Share Buyback Ratio for the quarter that ended in Sep. 2024 is calculated as

6-Month Share Buyback Ratio=(Shares Outstanding (EOP) (Mar. 2024 ) - Shares Outstanding (EOP) (Sep. 2024 )) / Shares Outstanding (EOP) (Mar. 2024 )
=(61.570 - 61.570) / 61.570
=0.00%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mitaningyo Co  (TSE:8285) 6-Month Share Buyback Ratio Explanation

A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance.

Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.

Mitaningyo Co 6-Month Share Buyback Ratio Related Terms

Mitaningyo Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Mitani Sangyo Co Ltd (TSE:8285) » Definitions » 6-Month Share Buyback Ratio
Comparable Companies
TSE:5821 TSE:8070 TSE:8095 TSE:297A TSE:8920 TSE:5721 TSE:3696 TSE:2462 TSE:9896 TSE:7119 ADX:IHC HON TSE:6501 MMM TSE:8058 TSE:8001 TSE:8031 HKSE:00267 ADX:ALPHADHABI TSE:8053
Traded in Other Exchanges
N/A
Address
Bill 6-19-20 Higashi-Ginza, Tokyo, JPN
Website
http://www.mitani.co.jp
Mitani Sangyo Co Ltd is engaged in multiple businesses namely, Chemicals, Information systems, Air conditioning systems, Energy, Resin, and Housing equipment.

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