FALCO HOLDINGS Co., Ltd. announces an Equity Buyback for 450,000 shares, representing 3.99% for ¥800 million.
May 10, 2019 at 02:30 am EDT
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FALCO HOLDINGS Co., Ltd. (TSE:4671) announces a share repurchase program. Under the program, the company will repurchase 450,000 shares, representing 3.99% of the outstanding shares for ¥800 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to improve shareholder value. The program will run until October 31, 2019. As of March 31, 2019, the company had 11,280,177 shares outstanding and 314,455 shares in treasury.
FALCO HOLDINGS Co.,Ltd is a Japan-based company mainly engaged in the clinical testing business and the dispensing pharmacy business. The Company operates in two business segments. The Clinical Testing segment is engaged in the contracted clinical specimen testing business for hospitals and clinics, as well as the development and sale of electronic medical charts and other medical information systems, and the wholesale of in-vitro diagnostic drugs. The Dispensing Pharmacy segment is engaged in the operation of dispensing pharmacies.
FALCO HOLDINGS CO., LTD. 
