Sacos Corporation announces an Equity Buyback for 340,000 shares, representing 0.79% for ¥100 million.
November 26, 2018 at 02:30 am
Sacos Corporation (JASDAQ:9641) announces a share repurchase program. Under the program, the company will repurchase 340,000 shares, representing 0.79% of the outstanding shares for ¥100 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until September 30, 2019. As of September 30, 2018, the company had 42,949,528 shares outstanding and 917,153 shares in treasury.