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Rakuten repurchases 8.3 million shares

Japanese e-commerce and internet services firm Rakuten Inc. repurchased 8,324,700 of its common shares between May 1 and May 31.

The shares purchased totaled ¥10.36 billion, Rakuten said June 1.

The repurchases are part of the ¥100 billion buyback program announced by the company in February.

A total of 39,211,100 shares have been repurchased under the program, for a total consideration of ¥44.93 billion.

As of June 1, US$1 was equivalent to ¥111.24.