Asahi Net, Inc. announces an Equity Buyback for 1,800,000 shares, representing 6.08% for ¥1,085.4 million.
May 09, 2019 at 04:00 am EDT
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Asahi Net, Inc. (TSE:3834) announces a share repurchase program. Under the program, the company will repurchase 1,800,000 shares, representing 6.08% of the outstanding shares, at ¥603 per share for ¥1,085.4 million. The purpose of the program is to enhance capital efficiency, improve shareholder returns and to enable the implementation of a flexible capital policy in response to changes in the business environment. As of March 31, 2019, the company had 29,605,421 shares outstanding and 2,394,579 shares in treasury.
Asahi Net, Inc. is a Japan-based company mainly engaged in the provision of Internet connection services and Internet related services. The Internet connection service is engaged in the provision of a communication environment that allows interconnection with sites and networks, and various access lines for members to connect Internet. The supported lines include fiber to the home (FTTH), asymmetric digital subscriber line (ADSL), high speed mobile and Internet protocol version 6 (IPv6) roaming services. The Internet related services include value-added connection services such as mail services, security services, Internet protocol (IP) telephone services and fixed IP address services, hosting services such as homepage services and secure hosting services, cloud services such as blog services, educational support services, survey applications and groupware services, as well as broadband video services.
ASAHI NET, INC. 
