Secom Joshinetsu Co., Ltd. announces an Equity Buyback for 900,000 shares, representing 6.87% for ¥3,500 million.
February 07, 2019 at 01:40 am EST
Secom Joshinetsu Co., Ltd. (TSE:4342) announces a share repurchase program. Under the program, the company will repurchase up to 900,000 shares, representing 6.87% of its share capital, for ¥3,500 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. The share repurchase program will run until February 28, 2019. As of January 31, 2019, the company had 13,100,533 shares outstanding (excluding treasury shares) and 8,968 shares in treasury.