ASTMAX Co., Ltd. announces an Equity Buyback for 400,000 shares, representing 3.04% for ¥160 million.
November 15, 2019 at 01:00 am EST
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ASTMAX Co., Ltd. (JASDAQ:7162) announces a share repurchase program. Under the program, the company will repurchase 400,000 shares, representing 3.04% of the outstanding shares for ¥160 million. The purpose of the program is to enhance capital efficiency as part of shareholder returns. The program will run until March 31, 2020. As of September 30, 2019, the company had 13,160,196 shares outstanding and 104 shares in treasury.
Astmax Co Ltd is a holding company. The Company operates in four business segments through its subsidiaries. The Asset Management segment is performing fund of funds business that invests in hedge funds, private equity funds, and venture capital fund management business that invests in venture companies. It also focuses on the funded long-term asset formation business for individual investors. In the Dealing segment, the domestic commodity futures market is centered on the overseas futures market, and the operation business is carried out on its own account using the over-the-counter market (OTC market) that does not go through an exchange. The Renewable Energy Related segment is engaged in the power generation and electricity supply using renewable energy. The Power Trading Related segment is engaged in the provision of business agency services and systems for business related to retail electric power companies. The other business aims at agricultural practice.
ASTMAX CO., LTD. 
