Riken Technos Authorises 8.8 Billion Yen Share Repurchase with Cancellation

TOKYO, Jul 31 (Pulse News Wire) – Riken Technos has authorised a share repurchase programme of up to 4 Million shares, with an aggregate cap of 8.8 Billion Yen (8.5% of issued shares excluding treasury).

Acquired shares are slated for cancellation following programme completion.

Riken Technos cited strengthening shareholder returns and improving capital efficiency as the rationale for the action.