Ohki Healthcare Holdings Co., Ltd. announces an Equity Buyback for 1,000,000 shares, representing 7.11% for ¥750 million.
October 05, 2017 at 10:30 am IST
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Ohki Healthcare Holdings Co., Ltd. (JASDAQ:3417) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 7.11% of its share capital, for ¥750 million. The company will repurchase its shares in order to implement a flexible capital policy which responds to changes in the business environment. The share repurchase program will run until March 31, 2018. As of September 30, 2017, the company had 14,071,907 shares outstanding (excluding treasury shares) and 193 shares in treasury.
OHKI HEALTHCARE HOLDINGS CO., LTD. is a Japan-based company mainly engaged in the management of its subsidiaries and the related businesses. The Company operates the production and sales of pharmaceutical products segment. The Company provides various products, such as pharmaceutical products, health food, health care products, nursing care products, oral products, baby products, daily necessities and clothing, confectionery, food, cosmetics and others.