Morito to Cancel 10% of Shares and Increase Year-End Dividend
The Japan-based apparel accessories maker plans significant share buyback reductions alongside a higher year-end dividend payout.
Summary
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Terms & Concepts
Share Cancellation: The process by which a company permanently retires its shares, reducing the total number outstanding and often aiming to boost remaining shareholders' value.
Year-End Dividend: A company’s profit distribution to shareholders at the end of its fiscal year.