Echo Trading Co., Ltd. announces an Equity Buyback for 50,000 shares, representing 0.83% for ¥34.55 million.
April 14, 2017 at 05:40 pm
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Echo Trading Co., Ltd. (TSE:7427) announces a share repurchase program. Under the program, the company will repurchase 50,000 shares, representing 0.83% of the outstanding shares, at ¥691 per share for ¥34.55 million. Shares will be repurchased through the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of February 28, 2017, the company had 6,035,902 shares outstanding and 644 shares in treasury.
ECHO TRADING CO.,LTD. is a Japan-based company mainly engaged in the pets related business. The Company is engaged in the wholesale of pet food and pet supplies, the provision of pet related education services, the development of pet food, pet supplies and pet shops, the planning and production of sale promotion tools for pet supplies, the operation of comprehensive pet information websites, as well as the wholesale of liquors, food and related consumer products.
ECHO TRADING CO., LTD. 
