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Japanese online trading broker Monex Group, Inc. (TYO:8698) has announced that it has successfully concluded a one month share buyback, acquiring 3,239,100 of its own shares in the open market for a total of ¥914.7 million (or about USD $8.3 million) during May.
The shares acquired represent about 1.14% of outstanding Monex Group shares.
Monex Group did a similarly sized share buyback last year as well. Monex shares have fallen about 15% over the past year.
Monex Group one year share price graph. Source: Google Finance.
To see the official release from Monex Group click here.
