Japan's Bic Camera hits record high on buyback plan, upbeat forecast
11/04/2018 06:47
** Electronic appliance store operator Bic Camera 3048.T
jumps as much as 12 pct to a record high of 1,942 yen
** Co says it plans to buy back 10 mln shares (5.33 pct
stake) at the price of 1,497 yen per share through a takeover
bid between April 11 and May 11 urn:newsml:reuters.com:*:nL3N1RN2MK
** Co raises net profit outlook to 16.4 bln yen ($153.14
mln) from 15 bln yen for FY ending August 2018 buoyed by strong
sales in game consoles and TVs urn:newsml:reuters.com:*:nXB1TMLICM
** As of previous close, stock up 6.58 pct so far this year
** As of 0536 GMT, about 3.62 mln shares of the Tokyo-based
company change hands, about 587.4 pct of their 30-day moving
average of 615,540 shares a day
(Reuters
Messaging:ayai.tomisawa.thomsonreuters.com@reuters.net)
($1 = 107.0900 yen)