Kushikatsu Tanaka Holdings Co. announces an Equity Buyback for 500,000 shares, representing 5.39% for ¥500 million.
April 14, 2020 at 02:00 am EDT
Kushikatsu Tanaka Holdings Co. (TSE:3547) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 5.39% of its share capital, for ¥500 million. The company will repurchase its shares in order to implement a flexible capital policy and increase corporate value. The program will run until June 30, 2020. As of February 29, 2020, the company had 9,278,222 shares outstanding (excluding treasury shares) and 6,058 shares in treasury.