FUJI CORPORATION LIMITED [8860.T]
TOKYO, Jun 03 (Pulse News Wire) – Fuji Corporation Limited (8860.T) announced today that its board of directors, meeting on May 15, approved a share buyback program based on Article 165, Paragraph 3 of the Companies Act, which allows for self-share repurchases. The company conducted the buybacks during the period from May 18 to May 31, acquiring a total of 187,200 shares worth ¥139.2 million through open-market purchases on the Tokyo Stock Exchange.
According to the resolution made on May 15, the company was authorized to purchase up to 400,000 shares ordinary shares, representing 1.12% of outstanding shares excluding treasury stock, with a total value limit of ¥360 million. The buyback period extended until August 25.
By May 31, Fuji Corporation had cumulatively acquired 187,200 shares valued at ¥139.2 million. This move underscores Fuji Corporation's confidence in its own stock valuation and strategic plans for capital management.
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