Yutaka Shoji Co., Ltd. announces an Equity Buyback for 100,000 shares, representing 1.23% for ¥50 million.
September 08, 2016 at 02:00 am EDT
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Yutaka Shoji Co., Ltd. (JASDAQ:8747) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 1.23% of the outstanding shares for ¥50 million. Shares will be repurchased by market purchase in the Tokyo Stock Exchange. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. The program will run until September 8, 2017. As of September 6, 2016, the company had 8,101,963 shares outstanding and 795,509 shares in treasury.
Yutaka Trusty Securities Co Ltd, formerly as Yutaka Shoji Co Ltd is a Japan-based company mainly engaged in the commodity futures trading business and training facilities management business. The commodity futures trading business is engaged in the consignment and self-sales services for listed products such as general soybeans, corn, gold, platinum, gasoline, and rice from each commodity exchange. The Company is also engaged in the consignment and self-trading operations for the Tokyo Stock Exchange's exchange stock index margin trading Click 365 and margin trading Click 365. The real estate management business is engaged in the management business for training facilities.
YUTAKA TRUSTY SECURITIES CO., LTD. 
