Nissen Inc. announces an Equity Buyback for 30,000 shares, representing 1.51% for ¥50 million.
April 14, 2020 at 02:00 am EDT
Nissen Inc. (JASDAQ:6543) announces a share repurchase program. Under the program, the company will repurchase 30,000 shares, representing 1.51% of the outstanding shares for ¥50 million. The purpose of the program is to improve capital efficiency and shareholder returns, and to implement a flexible capital policy in response to changes in the business environment. The program will run until October 14, 2020. As of February 29, 2020, the company had 1,982,248 shares outstanding and 20,052 shares in treasury.