Tokai Senko K.K. announces an Equity Buyback for 800,000 shares, representing 2.35% for ¥100 million.
November 18, 2016 at 01:53 am EST
Tokai Senko K.K. (TSE:3577) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 shares, representing 2.35% of its issued share capital, for a total of ¥100 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. The share repurchase program is valid until March 31, 2017. As of October 31, 2016, the company had 34,057,493 shares outstanding and 2,085,036 shares in treasury.