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Rakuten repurchases more shares

Rakuten Inc. said Aug. 1 that it repurchased 12,010,100 of its common shares on the Tokyo Stock Exchange between July 1 and July 31.

The Japanese internet service provider bought the shares for a total consideration of about ¥15.85 billion.

The buyback forms part of the ¥100 billion share repurchase program Rakuten launched in February.

The company has repurchased a total of 60,118,200 shares under the program, for a total consideration of ¥72.94 billion.

As of Aug. 1, US$1 was equivalent to 110.15 Japanese yen.