Asmo Corporation announces an Equity Buyback for 600,000 shares, representing 4.28% for ¥300 million.
March 08, 2021 at 12:30 pm IST
Asmo Corporation (TSE:2654) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 common stock, representing 4.28% for ¥300 million. The purpose of the program is to further return profits to shareholders by improving capital efficiency and implementing flexible capital policies. The program is valid till March 8, 2022. As of September 30, 2020, the company had 14,020,658 shares (excluding treasury stock) issued and 1,124,157 shares in treasury.