Fuji Shoji Co., Ltd. announces an Equity Buyback for 1,000,000 shares, representing 4.1% for ¥1,157 million.
July 28, 2017 at 03:30 am EDT
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Fuji Shoji Co., Ltd. (JASDAQ:6257) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 4.1% of its share capital, at ¥1,157 per share for ¥1,157 million in total. The company will repurchase its shares in order to improve capital efficiency, implement a flexible capital policy, and for the purposes of shareholder returns. As of June 30, 2017, the company had 24,395,500 shares outstanding and 0 shares in treasury.
FUJISHOJI CO., LTD. is a Japan-based company primarily involved in the development, manufacture and sale of pachinko machines (Japanese-style pinball machines) and pachi-slot machines (Japanese-style slot machines). The Company sells its pinball and slot machines to pinball parlors and sales agencies. In addition, through its associated company of SANTA ENTERTAINMENT CO., LTD., the Company is also engaged in the development of game machine software.