ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Bridgestone stock jumps on $1.3bn share buyback plan

Japanese tiremaker's shares soar to 15-month high

TOKYO -- Bridgestone shares surged in Tokyo on Monday as investors welcomed the surprise announcement of a massive 150 billion yen ($1.32 billion) share buyback plan by the Japanese tiremaker.

The stock hit a high of 4,575 yen, up 260 yen, or 6%, from Friday, during morning trade. It was the stock's highest level since November 2015.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more