Okinawa Cellular Telephone Company announces an Equity Buyback for 1,600,000 shares, representing 3% for ¥4,000 million.
April 27, 2022 at 02:00 am EDT
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Okinawa Cellular Telephone Company (TSE:9436) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 2.61% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,000 million. The purpose of the program is to enhance the return of profits to shareholders by improving capital efficiency. The repurchased shares will be cancelled. The program will continue through April 21, 2023. As of March 31, 2022, the company had 26,833,272 issued shares (excluding treasury stock) and 44,628 treasury shares.
On July 27, 2022, the company announced that due to the stock split of 2 shares per share of common stock, the company is now authorized to repurchase up to 1,400,000 shares.
OKINAWA CELLULAR TELEPHONE COMPANY is a Japan-based company mainly engaged in the telecommunications business. The Company is engaged in the provision of mobile services, domestic and international communication services, and Internet services. The Company also provides dedicated services, au mobile phone services, au mobile phone terminal sales, renting and maintenance of communication equipment, and outsourcing lines. The Company is also engaged in the production and sales of agricultural business, and tourism business.
OKINAWA CELLULAR TELEPHONE COMPANY 
