Hakuten Corporation announces an Equity Buyback for 150,000 shares, representing 1.89% for ¥100 million.
November 28, 2019 at 01:00 am EST
Hakuten Corporation (JASDAQ:2173) announces a share repurchase program. Under the program, the company will repurchase 150,000 shares, representing 1.89% of its share capital, for ¥100 million. The company will repurchase its shares in order to enable a flexible capital policy, along with aiming to enhance shareholder returns and improve capital efficiency. The program will run until March 31, 2020. As of October 31, 2019, the company had 7,935,618 shares outstanding (excluding treasury shares) and 82 shares in treasury.