Tobu Railway completes 3.5bn yen share buyback program

Tobu Railway completed its treasury stock acquisition program, purchasing 1.41 million shares for 3.53 billion yen between July 1-30 through Tokyo Stock Exchange market purchases.

The buyback was part of a larger program approved in April allowing acquisition of up to 5 million shares or 10 billion yen through August 31. Total cumulative purchases under this resolution reached 3.95 million shares for nearly 10 billion yen before the program concluded.