Fujisan Magazine Service Co.,Ltd. announces an Equity Buyback for 50,000 shares, representing 1.59% for ¥100 million.
March 18, 2020 at 02:00 am EDT
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Fujisan Magazine Service Co.,Ltd. (TSE:3138) announces a share repurchase program. Under the program, the company will repurchase 50,000 shares, representing 1.59% of the outstanding shares for ¥100 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment as part of the shareholder return policy. The program will run until June 30, 2020. As of March 18, 2020, the company had 3,144,020 shares outstanding and 171,600 shares in treasury.
Fujisan Magazine Service Co., Ltd. is a Japan-based company mainly engaged in magazine sales support business. The Company provides support services, such as magazine subscription related order and delivery service to publishers. The Company operates magazine sales support business segment through the operating of Fujisan.co.jp and Fujisan Reader. The Company mainly engages in providing subscription services, portion sell services, digital magazine sales, bundled services, free reading services, and other related services to subscribers.