The Okinawa Electric Power Company, Incorporated announces an Equity Buyback for 1,750,000 shares, representing 4.05% for ¥6,000 million.
November 28, 2017 at 02:30 am
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The Okinawa Electric Power Company, Incorporated (TSE:9511) [Company Name] announces a share repurchase program. Under the program, the company will repurchase 1,750,000 shares, representing 4.05% of the outstanding shares for ¥6,000 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy. The program will run until December 22, 2017. As of October 31, 2017, the company had 43,217,401 shares outstanding and 156,287 shares in treasury.
The Okinawa Electric Power Company, Incorporated is a Japan-based company mainly engaged in electricity business. The Company mainly engaged in power supply, general power transmission and distribution, and retail electricity business in Okinawa. It is also engaged in the construction of civil engineering, construction, electricity, pipe and telecommunications business, the construction and maintenance of electric power equipment, environmental and geological surveys, the sale and construction of air conditioning equipment, sanitary equipment and electric water heaters, the leasing of vehicle and article, non-life insurance agency, the design, construction, operation and sale of computer systems, the sale and leasing of computers and peripheral equipment, the management, sale and leasing of land and buildings, aquaculture, wind power generation, the sale of natural gas, the installation of private power generation systems.
THE OKINAWA ELECTRIC POWER COMPANY, INCORPORATED 
