So-net Media Networks Corporation announces an Equity Buyback for 200,000 shares, representing 1.55% for ¥230 million.
April 26, 2019 at 02:00 am EDT
So-net Media Networks Corporation (TSE:6185) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 1.55% of the outstanding shares for ¥230 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and improve shareholder returns. The program will run until September, 30, 2019. As of March 31, 2019, the company had 12,879,684 shares outstanding and 455 shares in treasury.