Sakai Ovex Co.,Ltd. announces an Equity Buyback for 100,000 shares, representing 1.6% for ¥230 million.
March 27, 2019 at 02:00 am EDT
Sakai Ovex Co.,Ltd. (TSE:3408) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 1.6% of the outstanding shares for ¥230 million. The purpose of the program is to improve shareholder returns and capital efficiency. The program will run until July 31, 2019. As of February 28, 2019, the company had 6,232,918 shares outstanding and 203,340 shares in treasury.