Simplex Financial Holdings Co., Ltd. announces an Equity Buyback for 690,000 shares, representing 32.86% for ¥1,539.39 million.
August 11, 2020 at 03:00 am EDT
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Simplex Financial Holdings Co., Ltd. (TSE:7176) announces a share repurchase program. Under the program, the company will repurchase 690,000 shares, representing 32.9% of its share capital, at ¥2,231 per share for ¥1,539.39 million. The company will repurchase its shares in order to return profits to shareholder, as part of implementing a flexible capital policy in response to changes in the business environment. As of August 11, 2020, the company had 2,100,000 shares outstanding and 0 shares in treasury.
Simplex Financial Holdings Co., Ltd. is a Japan-based company mainly engaged in the operation of an investment management business. The Company provides financial products to domestic and foreign institutional investors, including domestic and overseas family offices, universities, pension funds, governments, banks, pensions, and others. The Company also creates, manages and provides a new type of exchange-traded fund (ETF) to individual and institutional investors. The Company provides three business lines. The fund is managed by internal and external fund managers. The ETF lists and operates not only the mainstream ETFs such as the Nikkei Average and TOPIX in Japan but also a number of Japan's first ETFs with an edge such as leveraged inverse and crude oil. The Open innovation goes between the investor and the investment bank and provides solutions from the investor's perspective.
SIMPLEX FINANCIAL HOLDINGS CO., LTD. 
