Hibino Corporation announces an Equity Buyback for 80,000 shares, representing 0.8% for ¥100 million.
March 25, 2020 at 02:00 am EDT
Hibino Corporation (JASDAQ:2469) announces a share repurchase program. Under the program, the company will repurchase 80,000 shares, representing 0.8% of the outstanding shares for ¥100 million. The purpose of the program is to strengthen shareholder returns, enhance capital efficiency and implement a flexible capital policy in response to changes in the business environment. The program will run until June 22, 2020. As of March 25, 2020, the company had 9,959,480 shares outstanding and 306,000 shares in treasury.