Toyo Electric Corporation announces an Equity Buyback for 10,000 shares, representing 0.24% for ¥8.42 million.
November 20, 2019 at 01:00 pm IST
Toyo Electric Corporation (NSE:6655) announces a share repurchase program. Under the program, the company will repurchase 10,000 shares, representing 0.24% of the outstanding shares, at ¥842 per share for ¥8.42 million. The purpose of the program is to enable the implement a flexible capital policy in response to changes in the business environment. As of September 30, 2019, the company had 4,246,305 shares outstanding and 448,170 shares in treasury.