Noritz Corporation announces an Increase in Equity Buyback.
On September 17, 2020, the company announced an increase in its equity buyback plan. Under the increased terms, the company will repurchase 1,350,000 shares, representing 2.87% of the outstanding shares for ¥2,000 million.
On the same day, the company initiated a Market Repurchase. The company will repurchase 1,080,000 shares, at ¥1,490 per share for ¥1,609.2 million. The repurchase will take place on September 18, 2020, through the Off-Auction Own Share Repurchase Trading (ToSTNeT-3).