EDION Corporation (TSE:2730) announces a share repurchase program. Under the program, the company will repurchase 5,500,000 shares, representing 5.23% of the outstanding shares for ¥10,000 million. The purpose of the program is to improve capital efficiency, thereby increasing return of profits to shareholders and implementing a flexible capital policy.
The program will run until July 31, 2025. As of June 30, 2024, the company had 105,076,349 shares outstanding and 6,929,287 shares in treasury.
