Akatsuki Corp. announces an Equity Buyback for 1,000,000 shares, representing 3.24% for ¥200 million.
March 17, 2020 at 03:00 am EDT
Akatsuki Corp. (TSE:8737) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 3.24% of the outstanding shares for ¥200 million. The purpose of the program is to improve shareholder returns and capital efficiency, and to implement a flexible capital policy in response to changes in the business environment. The program will run until February 28, 2021. As of December 31, 2019, the company had 30,835,083 shares outstanding and 2,356,851 shares in treasury.