Wood Friends Co.,Ltd. announces an Equity Buyback for 30,000 shares, representing 2.04% for ¥60 million.
January 05, 2017 at 04:21 am EST
Wood Friends Co.,Ltd. (JASDAQ:8886) announces a share repurchase program. Under the program, the company will repurchase up to 30,000 shares, representing 2.04% of its common stock for ¥60 million. The purpose of the program is to improve shareholder returns and to diversify capital policy. The program will expire on May 31, 2017. As of November 30, 2016, the company had 1,467,122 shares outstanding and 12,878 shares in treasury.