NFC Holdings, Inc. announces an Equity Buyback for 200,000 shares, representing 1.12% for ¥500 million.
May 18, 2020 at 02:00 am EDT
NFC Holdings, Inc. (JASDAQ:7169) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 1.12% of the outstanding shares for ¥500 million. The purpose of the program is to enhance capital efficiency by returning profits to shareholders. The program will run until March 31, 2021. As of May 18, 2020, the company had 17,889,334 shares outstanding and 200,068 shares in treasury.