FTGroup Co., Ltd. announces an Equity Buyback for 440,000 shares, representing 1.4% for ¥800 million.
August 07, 2020 at 06:00 am
Share
FTGroup Co., Ltd. (JASDAQ:2763) announces an share repurchase program. Under the program the company will repurchase 440,000 shares, representing 1.4% of the outstanding shares for ¥800 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to improve shareholder returns. The program will run until February 28, 2021. As of July 31, 2020, the company had 31,382,268 shares outstanding and 1,880,048 shares in treasury.
FTGroup CO.,LTD. is a Japan-based company mainly engaged in the corporate business and consumer business. The Company has two business segments. The Corporate segment is engaged in the sale, construction and maintenance of environment related products such as light emitting diode (LED) lighting products, air conditioning equipment and water saving equipment, information and communication equipment such as office automation (OA) equipment, business phones, file servers and integrated threat management (UTM) equipment, the provision of Internet services and power services for corporations, as well as the sale, construction and maintenance of environment related products such as LED lighting and air conditioning equipment in the Association of Southeast Asian Nations (ASEAN). The Consumer segment is engaged in the provision of Internet services, the sale of mobile terminals, and the sale and construction of solar power generation equipment and storage batteries for individual customers.
FTGROUP CO., LTD. 
