Shimano Inc. announces an Equity Buyback for 1,800,000 shares, representing 1.94% for ¥50,000 million.
July 27, 2021 at 02:30 am
Shimano Inc. (TSE:7309) announces a share repurchase program. Under the program, the company will repurchase up to 1,800,000 shares, representing 1.94% of its issued share capital for ¥50,000 million. The purpose of the program is to enhance shareholder returns, improve capital efficiency, and carry out agile management in response to changes in the corporate environment. The program is valid till March 31, 2022. As of June 30, 2021, the company had 92,699,544 shares issued (excluding treasury stock) and 20,456 shares in treasury.