Aiming Inc. announces an Equity Buyback for 1,000,000 shares, representing 2.9% for ¥600 million.
August 12, 2016 at 04:37 am EDT
Aiming Inc. (TSE:3911) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 2.9% for a total of ¥600 million. Shares will be purchased by market purchase in the Tokyo Stock Exchange. The purpose of the program is to strengthen shareholder returns, enhance capital efficiency and implement a flexible capital policy. The share repurchase program is valid until March 29, 2017. As of July 31, 2016, the company had 34,487,500 shares outstanding and 0 shares in treasury.