Core Corporation announces an Equity Buyback for 500,000 shares, representing 3.53% for ¥500 million.
March 16, 2020 at 02:30 am EDT
Core Corporation (TSE:2359) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 3.53% of its share capital, for ¥500 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. The program will run until March 16, 2021. As of the end of December 2019, the company had 14,181,220 shares outstanding (excluding treasury shares) and 653,360 shares in treasury.