Nireco Corporation announces an Equity Buyback for 110,000 shares, representing 1.48% for ¥100 million.
February 25, 2019 at 03:35 am EST
Nireco Corporation (JASDAQ:6863) announces a share repurchase program. Under the program, the company will repurchase 110,000 shares, representing 1.48% of the outstanding shares for ¥100 million. The purpose of the program is to strengthen shareholder profits and enable the implementation of a flexible capital policy in the future. The program will run until February 25, 2020. As of December 31, 2018, the company had 7,416,012 shares outstanding and 889,237 shares in treasury.