Future Corporation announces an Equity Buyback for 500,000 shares, representing 1.12% for ¥1,000 million.
March 18, 2020 at 06:00 am
Future Corporation (TSE:4722) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 1.12% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to prepare a flexible capital strategy, along with aiming to improve capital efficiency. The program will run until June 18, 2020. As of February 29, 2020, the company had 44,717,413 shares outstanding (excluding treasury shares) and 2,946,587 shares in treasury.