Citizen Watch’s profits are up on strong watch sales in Japan, the U.S. and Europe. (Photo courtesy of Citizen)
DAIKI TSUGANE, Nikkei staff writer |
TOKYO — Citizen Watch will repurchase up to 25.61% of its outstanding shares under plans announced Monday, aiming to improve returns after logging record profits in the April-December period.
Buying back up to 75 million shares will cost as much as 40 billion yen ($301 million). This will be the Japanese company’s first repurchase since a buyback announced in the autumn of 2021.
