Marusan Securities Co., Ltd. closed an Equity Buyback in the amount of ¥243.13 mm
October 31, 2012 at 12:00 am EDT
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The Board of Directors of Marusan Securities Co., Ltd. (TSE:8613) authorized a share repurchase program on October 19, 2012. Under the program, the company will repurchase up to 1,000,000 shares, representing 1.47% of its outstanding share capital, for a total cost of ¥300 million. The purpose of the repurchase program is to implement a mobile capital policy. The plan will commence on October 22, 2012 and will continue until November 21, 2012. As of September 30, 2012, the company has 67,858,150 shares outstanding and 1,540,112 shares held in treasury.
Marusan Securities Co., Ltd. completed the share repurchase program on October 31, 2012. Under the program, the company repurchased 1,000,000 shares, representing 1.47% of its outstanding share capital, for a total cost of ¥243.13 million.
Marusan Securities Co., Ltd. is a Japan-based company mainly engaged in the provision of securities investment and financial services. The Company is involved in the trading and brokerage of securities, the underwriting and sale of securities, the offering and sale of securities, as well as other financial instruments trading businesses. Through its subsidiaries, the Company also involves in conclusion of insurance contracts, real estate business, consulting business, as well as computer system related business.