Nexyz. Group Corporation announces an Equity Buyback for 700,000 shares, representing 5.22% for ¥1,500 million.
November 14, 2018 at 07:00 am
Nexyz. Group Corporation (TSE:4346) announces a share repurchase program. Under the program, the company will repurchase 700,000 shares, representing 5.22% of the outstanding shares for ¥1,500 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to the business environment. The program will run until September 30, 2019. As of September 30, 2018, the company had 13,413,640 shares outstanding and 754,901 shares in treasury.