Fuji Seiko Limited announces an Equity Buyback for 500,000 shares, representing 2.71% for ¥200 million.
April 11, 2018 at 01:40 am EDT
Fuji Seiko Limited (NSE:6142) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 2.71% of the outstanding shares for ¥200 million. The purpose of the program is to improve shareholder returns, enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. The program will run until August 24, 2018. As of March 31, 2018, the company had 18,438,660 shares outstanding and 3,095,231 shares in treasury.