Marusan Securities Co., Ltd.'s Equity Buyback in the amount of ¥450 mm has expired
December 04, 2012 at 11:00 pm EST
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The Board of Directors of Marusan Securities Co., Ltd. (TSE:8613) authorized a share repurchase program on November 2, 2012. Under the program, the company will repurchase up to 1,500,000 shares, representing 2.24% of its issued share capital, for a total cost of ¥450 million. The purpose of the repurchase program is to enable the implementation of a flexible capital policy. The plan will commence on November 6, 2012 and will continue until December 5, 2012. As of October 31, 2012, the company has 66,858,062 shares outstanding and 2,540,200 shares held in treasury.
Marusan Securities Co., Ltd.'s share repurchase program expired on December 5, 2012. Under the program, the company has repurchased 815,800 shares, representing 1.22% for ¥237.38 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.