WirelessGate, Inc. announces an Equity Buyback for 33,000 shares, representing 0.32% for ¥100 million.

WirelessGate, Inc. (TSE:9419) announces a share repurchase program. Under the program, the company will repurchase up to 33,000 shares, representing 0.32% of its issued share capital, for ¥100 million. The purpose of the plan is improving capital efficiency and shareholder returns.

The shares will be repurchased in accordance with the regulations of Article 156 of the Companies Act. The repurchases will continue until January 15, 2016. As of October 31, 2015, the company has 10,200,800 shares outstanding and 20,000 shares in treasury.