Riken Technos Corporation announces an Equity Buyback for 2,800,000 shares, representing 4.31% for ¥1,680 million.
July 31, 2019 at 02:00 am EDT
Riken Technos Corporation (TSE:4220) announces a share repurchase program. Under the program, the company will repurchase 2,800,000 shares, representing 4.31% of the outstanding shares for ¥1,680 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment, enhance capital efficiency and improve shareholder returns. The program will run until October 31, 2019. As of March 31, 2019, the company had 64,969,504 shares outstanding and 1,144,315 shares in treasury.