Fullcast : Announcement Regarding the Decision on Matters Related to the Acquisition of Treasury Shares
March 03, 2022 at 02:30 am EST
Share
February 10, 2022
For Immediate Release:
Company name:
Fullcast Holdings Co., Ltd.
Representative:
Kazuki Sakamaki,
President, Representative Director and CEO
(Stock code: 4848; Stock Exchange listing: First Section of the Tokyo Stock Exchange)
Contact:
Yasuomi Tomotake,
General Manager of the Finance and IR Department
Telephone:
+81-3-4530-4830
Announcement Regarding the Decision on Matters Related to the Acquisition of Treasury Shares
(Acquisition of Treasury Shares in Accordance with Stipulations of the Articles of Incorporation Pursuant to Article
165-2 of the Companies Act)
Fullcast Holdings Co., Ltd. announced today that a resolution was passed at the Board of Directors' Meeting held on February 10, 2022 regarding the acquisition of treasury shares in accordance with Article 156 of the Companies Act, and pursuant to Article 165-3 of the same act. Details are as follows.
1. Reasons for the acquisition of treasury shares
Fullcast Holdings Co., Ltd. will acquire treasury shares in order to enhance capital efficiency and to provide greater returns to shareholders by realizing a total return ratio of 50%, which is a target for shareholder returns. At the same time, Fullcast Holdings Co., Ltd. will pay a year-end dividend of 23 yen per share as stated in "Announcement Concerning Dividend of Surplus" released on February 10, 2022 and as part of our execution of a flexible capital policy.
2. Details relating to the acquisition
Type of shares to be acquired
Total number of shares that can be acquired
Total acquisition cost
Acquisition period
Ordinary shares
533,900 shares (max.)
(1.46% of total number of shares issued [excluding treasury shares]) 903 million yen (max.)
February 14 - March 24, 2022
(Reference)
Treasury shares held as of December 31, 2021
Total number of shares issued (excluding treasury shares): 36,470,734 shares
Total number of treasury shares:
1,015,666 shares
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Fullcast Holdings Co. Ltd. published this content on 03 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2022 07:29:03 UTC.
Fullcast Holdings Co Ltd is a Japan-based company principally engaged in the human resource outsourcing business. The Company operates in three business segments. The Short-term Business Support segment is engaged in the provision of short-term, events-related human resource services and payroll management service, among others. The Sales Support segment includes agency sales and call center business. The Security and Others segment is engaged in the security guard business for public facilities and general corporations.
FULLCAST HOLDINGS CO., LTD. 
