Daidoh Limited announces an Equity Buyback for 1,500,000 shares, representing 4.42% for ¥552 million.
November 12, 2018 at 02:30 am EST
Daidoh Limited (TSE:3205) announces a share repurchase program. Under the program, the company will repurchase 1,500,000 shares, representing 4.42% of the outstanding shares, at ¥368 per share for ¥552 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of September 30, 2018, the company had 33,907,934 shares outstanding and 3,788,963 shares in treasury.