TYO:6727

2 stories mentioning TYO:6727Updated just now

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Wacom Completes 1.5 Billion Yen Share Buyback

Wacom (TYO:6727) has completed a 1.5 billion yen share buyback, repurchasing about 1.79 million shares, according to a Monday filing on the Tokyo Stock Exchange.The Japan-based company said that it repurchased 822,800 shares for 715.8 million yen between June 1 and June 19 through open-market purchases on the Tokyo Stock Exchange.The buyback follows the board clearance in May to repurchase 3 million shares, equivalent to 2.23% of outstanding shares excluding treasury stock, at a total cost of up to 1.5 billion yen.

TYO:6727

Asia40d ago

Wacom Opposes Shareholder Proposal On Board Changes

Wacom (TYO:6727) opposed a shareholder proposal from AVI Japan Opportunity Trust, seeking the election of one director and the dismissal of two, after its board resolved its position, according to a Thursday filing on the Tokyo Stock Exchange.The company said its governance structure already ensures independence through a majority of outside directors and a nominating committee process. It opposed the proposed appointment of Yoichi Suhama, citing overlap in skills and limited listed-company board experience, and also questioned his independence.Wacom rejected the proposed dismissal of President Nobutaka Ide and COO Takafumi Nakajima, saying both have supported improved financial performance since fiscal 2018.It also defended its RE-X Expansion acquisition and said governance concerns raised by the shareholder were unfounded. The shareholder meeting is set for June 25.

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