JPX reached resolutions at its Board of Directors meeting, held on Jan. 30, on the acquisition of own shares (buyback) and issuance of corporate bonds. This is aimed at implementing a capital policy that utilizes debt in light of the current interest rate environment and increasing shareholder returns.
The share buyback, amounting to JPY 16 billion, will be conducted on the TSE market until Jul. 27. Combined with the buyback that was conducted based on the board resolution made on Jul. 28, 2016 (approx. JPY 4 billion), the total buyback value is expected to reach around JPY 20 billion.
Funds for the buyback will be raised by issuing corporate bonds. The bonds will be issued on TOKYO PRO-BOND Market, with issuance and listing planned for March after the necessary issuance procedures have been completed.