Gendai Agency Authorises 350 Million Yen Share Repurchase with Cancellation

TOKYO, Jul 17 (Pulse News Wire) – Gendai Agency has authorised a share repurchase programme capped at 350 Million Yen (6.36% of issued shares excluding treasury).

Acquisitions will be conducted via off-auction block buys via ToSTNeT-3. Acquired shares are slated for cancellation following programme completion.

Gendai Agency cited improving capital efficiency and enhancing shareholder value as the rationale for the action.