Medipal Holdings announces upward revision and share buyback of up to ¥10 billion, sending shares to a new high (Wealth Advisor)

MEDIPAL HOLDINGS CORPORATION, a major wholesaler of pharmaceuticals, daily necessities and miscellaneous goods, announced an upward earnings revision and a share buyback, sending its stock price higher from the previous day and to a new high.

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The story

MEDIPAL HOLDINGS CORPORATION, a major wholesaler of pharmaceuticals, daily necessities and miscellaneous goods, revised its earnings forecast upward and announced plans to conduct a share buyback of up to ¥10 billion. This has attracted market attention.

The company's stock price reached ¥3,360, up ¥154 from the previous week-end, setting a new all-time high for the second consecutive trading day.

At a glance

CompanyMEDIPAL HOLDINGS CORPORATION

Share price¥3,360, up ¥154 from the previous week-end

Share buybackPlans to conduct a share buyback of up to ¥10 billion

Earnings revisionAnnounced an upward revision

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