PIA Corporation announces an Equity Buyback for 150,000 shares, representing 1.09% for ¥1,000 million.
May 09, 2019 at 12:30 am EDT
PIA Corporation (TSE:4337) announces a share repurchase program. Under the program, the company will repurchase 150,000 shares, representing 1.09% of the outstanding shares for ¥1,000 million. The purpose of the program is to improve shareholder returns and capital efficiency, and to implement a flexible capital policy in response to changes in the business environment. The program will run until May 9, 2020. As of March 31, 2019, the company had 13,785,604 shares outstanding and 872,009 shares in treasury.