IBOKIN Co.,Ltd. announces an Equity Buyback for 25,000 shares, representing 1.46% for ¥50 million.
November 14, 2019 at 01:00 am
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IBOKIN Co.,Ltd. (JASDAQ:5699) announces a share repurchase program. Under the program, the company will repurchase 25,000 shares, representing 1.46% of its share capital, for ¥50 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, and as part of its shareholder returns policy. The program will run until February 15, 2020. As of September 30, 2019, the company had 1,713,410 shares outstanding (excluding treasury shares) and 190 shares in treasury.
IBOKIN Co.,Ltd. is a Japan-based company engaged in comprehensive recycling business to form a recycling-oriented society. The Company operates through three business segments. The dismantling business is engaged in removal and dismantling of building structures. The environment business is engaged in collection, transportation, intermediate processing and recycling of industrial waste. The metals business is engaged in purchasing, processing and sales of iron and non-ferrous scrap.