Maezawa Kasei Industries Co., Ltd. announces an Equity Buyback for 145,000 shares, representing 0.97% for ¥150 million.
May 31, 2019 at 03:00 am EDT
Maezawa Kasei Industries Co., Ltd. (TSE:7925) announces a share repurchase program. Under the program, the company will repurchase up to 145,000 shares, representing 0.97% of its share capital, for ¥150 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, improve capital efficiency, and improve shareholder value. The share repurchase program will run until November 29, 2019. As of March 31, 2019, the company had 14,953,651 shares outstanding (excluding treasury shares) and 778,349 shares in treasury.