Note: This document is a translation of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.
February 14, 2018
Name of the Company: ASICS Corporation
Chairman, President and CEO, Representative Director: Motoi Oyama Code Number: 7936 Listing Exchanges: Tokyo
Notice Concerning Decision on Matters relating to Acquisition of Own Shares (Acquisition of Own Shares Based on the Articles of Association pursuant to Article 459-1-1 of the Companies Act of Japan)
ASICS Corporation ("Company") hereby announces that, at a meeting of the Board of Directors held today, it resolved on matters relating to acquisition of own shares pursuant to provisions of Article 459-1-1 of the Companies Act of Japan and Article 43 of the Company's Articles of Association.
1. Reasons for Acquisition of the Company's Own Shares
To improve capital efficiency and implement flexible capital policies in accordance with the business, and to return profits to shareholders based on our shareholder return policy.
2. Details of Matters Relating to the Acquisition
(1) Type of shares to be acquired | Shares of common stock of the Company |
(2) Aggregate number of shares permitted to be acquired | Up to 1,300,000 shares |
(3) Aggregate purchase price of shares | Up to JPY 2,000,000,000 |
(4) Acquisition period | From February 15, 2018 to March 31, 2018 |
[Reference] |
Treasury shares held by the Company as of December 31, 2017
- Aggregate number of issued shares (excluding treasury shares)
189,825,699 shares
- Number of treasury shares
10,137,292 shares
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