Cash-rich Citizen Watch to buy back up to 25% of shares

Japanese company benefited from strong watch sales during pandemic

20230213N Citizen

Citizen Watch's profits are up on strong watch sales in Japan, the U.S. and Europe. (Photo courtesy of Citizen)

DAIKI TSUGANE, Nikkei staff writer

TOKYO -- Citizen Watch will repurchase up to 25.61% of its outstanding shares under plans announced Monday, aiming to improve returns after logging record profits in the April-December period.

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