Sakai Ovex Co., Ltd. announces an Equity Buyback for 100,000 shares, representing 1.6% for ¥200 million.
June 22, 2017 at 03:00 am EDT
Sakai Ovex Co., Ltd. (TSE:3408) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 1.6% of the outstanding shares for ¥200 million. The purpose of the program is to enhance capital efficiency and shareholder returns. The program will run until November 30, 2017. As of May 31, 2017, the company had 6,261,812 shares outstanding and 374,446 shares in treasury.