FALCO Holdings Co., Ltd. announces an Equity Buyback for 300,000 shares, representing 2.7% for ¥419.1 million.
November 14, 2016 at 02:44 am EST
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FALCO Holdings Co., Ltd. (TSE:4671) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 2.7% stake for ¥1,397 per share for a total of ¥419.1 million. The shares will be repurchased through the off-auction own share repurchase method (ToSTNeT-3). The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment.
FALCO HOLDINGS Co.,Ltd is a Japan-based company mainly engaged in the clinical testing business and the dispensing pharmacy business. The Company operates in two business segments. The Clinical Testing segment is engaged in the contracted clinical specimen testing business for hospitals and clinics, as well as the development and sale of electronic medical charts and other medical information systems, and the wholesale of in-vitro diagnostic drugs. The Dispensing Pharmacy segment is engaged in the operation of dispensing pharmacies.