Noritz Corporation announces an Equity Buyback for 1,350,000 shares, representing 2.87% for ¥2,000 million.
February 13, 2020 at 06:00 am
Noritz Corporation (TSE:5943) announces a share repurchase program. Under the program, the company will repurchase 600,000 shares, representing 1.28% of the outstanding shares for ¥750 million. The purpose of the program is to improve shareholder returns based on the shareholder return policy. The program will run until December 31, 2020. As of December 31, 2019, the company had 47,023,508 shares outstanding and 3,774,143 shares in treasury.