Iwasaki Electric Co., Ltd. announces an Equity Buyback for 80,000 shares, representing 1.02% for ¥100 million.
July 29, 2019 at 02:00 am EDT
Iwasaki Electric Co., Ltd. (TSE:6924) announces a share repurchase program. Under the program, the company will repurchase 80,000 shares, representing 1.02% of the outstanding shares for ¥100 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. The program will run until March 31, 2020. As of June 30, 2019, the company had 7,814,072 shares outstanding and 7,878 shares in treasury.