Wesco HD <6091> has surged significantly. The company announced its third-quarter results the previous day, with operating profit reaching 780 million yen, a year-on-year increase of 7.0% from the same period last year. Although the growth rate slowed down from the 13.9% increase in the first half of the year, the progress rate towards the full-year plan of 930 million yen is smooth at 83%. In addition, the company announced the implementation of a buyback program for its own shares, with a limit of 4.5 billion yen and up to 600,000 shares, which corresponds to 4.06% of the issued shares. The acquisition period is from June 13th to August 13th. Expectations are also rising for the stock market as it may lead to support on the supply-demand side in the short term.
ウエスコHD---大幅反発、順調決算や自社株買いの発表を好感
WESCO HD - Significant rebound, favorable announcement of successful earnings and share buyback.
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