Soliton Systems K.K. announces an Equity Buyback for 1,000,000 shares, representing 5.14% for ¥1,000 million.
August 14, 2018 at 02:50 am
Soliton Systems K.K. (TSE:3040) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 5.14% of the outstanding shares for ¥1,000 million. The purpose of the program is to comprehensively take the market price of company shares, financial status and capital efficiency into consideration. The program will run until December 20, 2018. As of June 30, 2018, the company had 19,462,120 shares outstanding and 276,768 shares in treasury.