Tokai Senko K.K. announces an Equity Buyback for 90,000 shares, representing 2.7% for ¥100 million.
May 24, 2019 at 12:00 pm IST
Tokai Senko K.K. (TSE:3577) announces a share repurchase program. Under the program, the company will repurchase 90,000 shares, representing 2.7% of the outstanding shares for ¥100 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until December 30, 2019. As of April 30, 2019, the company had 2,225,416 shares outstanding and 278,836 shares in treasury.