Sincere Co., LTD. announces an Equity Buyback for 700,000 shares, representing 10.2% for ¥450 million.
March 20, 2018 at 02:00 pm IST
Sincere Co., LTD. (TSE:7782) announces a share repurchase program. Under the program, the company will repurchase 700,000 shares, representing 10.2% of the outstanding shares for ¥450 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. The program will run until December 20, 2018. As of March 20, 2018, the company had 6,862,200 shares outstanding and 0 shares in treasury.