Mito Securities Co., Ltd. announces an Equity Buyback for 500,000 shares, representing 0.69% for ¥200 million.
October 28, 2014
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Mito Securities Co., Ltd. (TSE:8622) announces a share repurchase program. Under the plan will repurchase up to 500,000 shares, representing 0.69% of the shares outstanding excluding treasury shares, at a price of ¥370 per share, for a total of up to ¥200 million. Repurchases will be made at the Tokyo Stock Exchange, Off-Auction Own Share Repurchase Trading (ToSTNeT-3).
The purpose behind the program is to raise overall shareholder returns and capital effectiveness. As of September 30, 2014, the company has 72,621,927 shares outstanding excluding treasury shares and has 3,067,106 shares in treasury.
Mito Securities Co., Ltd. is a Japan-based company mainly engaged in the securities business. The Company is involved in the purchase and sale of marketable securities, the introduction of marketable securities, as well as the underwriting, sale and offering of marketable securities, among others. In addition, the Company is engaged in the provision of investment information, as well as the setting and cancellation of investment trust. The Company is engaged in the operation of branches in Tokyo, Ibaraki, Tochigi, Gunma, Saitama, Chiba, Kanagawa and Fukushima prefectures, among others.
MITO SECURITIES CO., LTD. 
