Axial Retailing Inc. announces an Equity Buyback for 300,000 shares, representing 1.29% for ¥1,200 million.
May 07, 2019 at 02:00 am EDT
Axial Retailing Inc. (TSE:8255) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 1.29% of the outstanding shares for ¥1,200 million. 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. The program will run until September 30, 2019. As of May 7, 2019, the company had 23,342,346 shares outstanding and 45,693 shares in treasury.