Monex updates on share repurchase progress
Electronic trading company Monex Group Inc (TYO:8698) has repurchased 2.26 million of its shares since the start of its latest share buyback program, the company announced today.
From November 14, 2022 to November 30, 2022, Monex repurchased 2,266,100 shares for a total value of 1,010,085,387 yen. The purchases were conducted on the market on the Tokyo Stock Exchange based on a discretionary trading agreement.
The broker decided on the share repurchase after comprehensive consideration of the business environment surrounding the group, the performance of its subsidiaries in the U.S. and other countries, the solid financial foundation and other conditions of the group, and the current level of the company’s stock price.
The total number of shares to be repurchased is up to 12.5 million, with the total cost being JPY 5 billion.
The repurchase period is from November 14, 2022 to February 28, 2023.