Asunaro Aoki Construction Co., Ltd. announces an Equity Buyback for 1,000,000 shares, representing 1.81% for ¥1,000 million.
April 11, 2018 at 03:00 am EDT
Asunaro Aoki Construction Co., Ltd. (TSE:1865) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 1.81% of the outstanding shares for ¥1,000 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to enhance capital efficiency. The program will run until March 22, 2019. As of March 31, 2018, the company had 55,312,054 shares outstanding and 3,787,946 shares in treasury.