Estore Corporation announces an Equity Buyback for 240,000 shares, for ¥600 million.
May 18, 2021 at 03:00 am EDT
Estore Corporation (JASDAQ:4304) announces a share repurchase program. Under the program, the company will repurchase 240,000 shares, representing 4.78% of the outstanding shares for a total cost of ¥600 million. The purpose of the program is to enhance capital efficiency,to acquire treasury stock as part of agile capital measures. As of March 31, 2021, the company had 5,011,264 shares outstanding and 387,703 shares in treasury.