Nagoya Electric Works Co., Ltd. announces an Equity Buyback for 600,000 shares, representing 9.43% for ¥500 million.
July 24, 2018 at 03:30 am EDT
Nagoya Electric Works Co., Ltd. (NSE:6797) announces a share repurchase program. Under the program, the company will repurchase 600,000 shares, representing 9.43% of the outstanding shares for ¥500 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 August 24, 2018. As of July 24, 2018, the company had 6,363,910 shares outstanding and 58,090 shares in treasury.