MIRAIT ONE Corporation (TSE:1417) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 1.65% of its issued share capital, for ¥2,000 million. The purpose of the program is to enhance shareholders return and to facilitate flexible implementation of capital policy in response to changes in the business environment.
The program is valid till March 31, 2025. As of September 30, 2024, the company had 91,148,758 outstanding shares (excluding treasury shares) and 3,176,571 shares in treasury.
Mirait One Corp is a Japan-based holding company mainly engaged in the nippon telegraph and telephone (NTT) business, multicareer business, environment and social innovation business, as well as information communications technology (ICT) solution business. The Company operates through seven segments, including MIRAIT, MIRAIT Technologies, Lantrovision, TTK, Solcom and Shikokutsuken, Seibu Construction. The seven segments are involved in the information communication engineering, electrical equipment works and air condition maintenance business. The Company is also engaged in the communication infrastructure business, global business, and mobile network business.
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