Medical System Network Co., Ltd. announces an Equity Buyback for 250,000 shares, representing 0.82% for ¥100 million.
March 25, 2020 at 02:00 am
Share
Medical System Network Co., Ltd. (TSE:4350) announces a share repurchase program. Under the program, the company will repurchase 250,000 shares, representing 0.82% of its share capital, for ¥100 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, and to improve shareholder returns and capital efficiency. The program will run until June 30, 2020. As of December 31, 2019, the company had 30,641,485 shares outstanding (excluding treasury shares) and 1,115 shares in treasury.
MEDICAL SYSTEM NETWORK Co., Ltd. is mainly engaged in the operation of dispensing pharmacy business. The Company operates in five business segments. The Pharmaceutical Product Network segment involves in ordering system of medicines, development and sale of systems, and support services for securitized receivables. The Dispensing Pharmacy segment operates and manages dispensing pharmacies. The Leasing and Equipment-related Business segment involves in the location development of pharmacies, the rental of buildings for clinics, and the operation of buildings and housing for the elderly. The Food Supply segments provides food service within hospitals and welfare facilities. The Others segment involves in clinical trial support services and visiting nursing services.
MEDICAL SYSTEM NETWORK CO., LTD. 
