Saikaya Department Store Authorises 230 Million Yen Share Repurchase with Cancellation

TOKYO, Jul 29 (Pulse News Wire) – Saikaya Department Store has authorised a share repurchase programme capped at 230 Million Yen (12.04% of issued shares excluding treasury).

Acquired shares are slated for cancellation following programme completion.

Saikaya Department Store cited strengthening shareholder returns, improving capital efficiency, and enhancing shareholder value as the rationale for the action.