Monex Group reports it is 40% done with $13M share buyback

Japanese online trading broker Monex Group, Inc. (TYO:8698) has announced that it has been 40% successful in its planned share buyback. The company has spent ¥647.5 million ($5.2 million) to buy back 1.98 million of its own shares in the open market, in transactions which took place between July 10 and July 31.

Monex recently announced plans to buy back a total of up to 5 million of its own shares, up to a total cost of ¥1.65 billion ($13 million), representing 1.7% of its total shares outstanding.

The company has one more week to complete the remaining 60% of the buyback, through to its self imposed deadline of August 7.

To see the official release from Monex click here.

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