Asia
Central Japan Railway Completes Share Buyback, Plans Treasury Share Cancellation
Central Japan Railway (TYO:9022) has completed its share repurchase program after buying back 680,100 shares for 2.42 billion yen between July 1 and July 21, according to a Tokyo bourse filing on Wednesday.The latest transaction brings the cumulative shares repurchased to 5.79 million, worth nearly 20 billion yen, exhausting its buyback mandate authorized earlier in April.Subsequently, the company will cancel all 5.79 million treasury shares on Aug. 31, representing 0.58% of its total issued shares before cancellation.Following the cancellation, the total number of issued shares will decrease from over 1 billion to 995.4 million shares.
TYO:9022
