Mandom Corporation announces an Equity Buyback for 2,000,000 shares, representing 4.27% for ¥5,000 million.
May 14, 2019 at 03:00 am EDT
Mandom Corporation (TSE:4917) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 shares, representing 4.27% of the outstanding shares for ¥5,000 million. The purpose of the program is to enhance capital efficiency and to strengthen shareholder returns. The program will run until November 29, 2019. As of March 31, 2019, the company had 46,785,286 shares outstanding and 1,483,926 shares in treasury.