CRESTEC Inc. announces an Equity Buyback for 110,000 shares, representing 3.58% for ¥100 million.
August 11, 2020 at 02:00 am EDT
CRESTEC Inc. (TSE:7812) announces a share repurchase program. Under the program, the company will repurchase 110,000 shares, representing 3.58% of its share capital, for ¥100 million. The company will repurchase its shares in order to improve capital efficiency and carry out a flexible capital policy in response to changes in the business environment. The program will run until September 18, 2020. As of June 30, 2020, the company had 3,075,835 shares outstanding (excluding treasury shares) and 173,065 shares in treasury.