As One Corp. announces an Equity Buyback for 500,000 shares, representing 2.63% for ¥2,000 million.
May 12, 2017 at 03:33 am EDT
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As One Corp. (TSE:7476) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 2.63% of its outstanding shares, for a total of ¥2,000 million. The company will repurchase its shares in order to improve capital efficiency and to implement a flexible capital policy which responds to changes in the business environment. The share repurchase program will be valid until March 31, 2018. As of March 31, 2017, the company had 19,018,655 shares outstanding (excluding treasury shares) and 1,669,480 shares in treasury.
As One Corp is a Japan-based company principally engaged in the sale of scientific equipment and apparatus for various laboratories, research institutes, production facilities and medical facilities. The research and industrial equipment business is engaged in the wholesale of equipment and apparatus, which is used by researchers and technicians, to scientific equipment dealers. This business is also engaged in the provision of product catalogs to dealers, as well as the import and sale of physics and chemistry equipment. The hospital and nursing care business is engaged in the wholesale of equipment and apparatus, which is used by nursing care-related persons, to medical and nursing care institutions. The other business provides purchasing business proxy service using a web system, and to receive the system usage fee by the final user who participates in the system.
AS ONE CORPORATION 
