Monex Group concludes share buyback with $9.35 million acquired

Japanese online trading broker Monex Group, Inc. (TYO:8698) has announced that it has concluded its one month share buyback, acquiring 3,546,200 shares for a total of ¥1.16 billion (or about $9.35 million).

About half of the buyback occurred over the last week, ending on August 7.

The shares acquired represent about 1.2% of outstanding Monex shares.

When it first announced the planned buyback in early July Monex said it hoped to buy up to 5 million shares, so it looks like the company accomplished about 71% of its stated goal.

To see the official release from Monex click here.

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