Fit Corporation announces an Equity Buyback for 130,000 shares, representing 3.04% for ¥100 million.
April 15, 2020 at 02:00 am EDT
Fit Corporation (TSE:1436) announces a share repurchase program. Under the program, the company will repurchase 130,000 shares, representing 3.04% of its share capital, for ¥100 million. The company will repurchase its shares in order to further return profits to shareholders and implement a flexible capital policy in response to changes in the business environment. The program will run until October 19, 2020. As of October 31, 2019, the company had 4,282,800 shares outstanding (excluding treasury shares) and 0 shares in treasury.