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Lamp maker Ushio looks to extend stock buybacks

TOKYO -- Industrial lamp maker Ushio intends to continue its share buyback program until the Japanese company trades above book value.

Ushio is considering repurchasing 2 billion yen to 3 billion yen ($18.8 million to $28.3 million) worth of shares annually in allotments of around 1 billion yen. The company repurchased about 3 billion yen of its shares during the fiscal year ended in March.

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