Morinaga Confectionery Co., Ltd. <2201> has rebounded significantly. The company announced the implementation of a share buyback the previous day. It plans to acquire up to 4.2 million shares, which is 4.68% of the total issued shares, with a maximum limit of 10 billion yen. The goal is to enhance shareholder returns and improve capital efficiency. It intends to conduct the buybacks in off-hours trading on November 19, utilizing a method called accelerated share buyback (ASR) to acquire a large volume of its shares at once through securities companies, with 2.5 million shares involved. There are expectations for short-term impact on the stock price.