Asahi Printing Co.,Ltd. announces an Equity Buyback for 100,000 shares, representing 0.46% for ¥84.3 million.
December 13, 2021 at 01:00 pm IST
Share
Asahi Printing Co.,Ltd. (TSE:3951) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.46% of its issued share capital (excluding treasury stock), for ¥84.3 million. The shares will be repurchased at a price of ¥843 per share. The purpose of the program is to enable the execution of agile capital policies in response to changes in the business environment. The program will run until December 14, 2021. As of November 30, 2021, the company had 21,832,957 shares in issue (excluding treasury stock) and 1,451,972 shares in treasury.
Asahi Printing Co Ltd is a Japan-based company primarily engaged in the manufacturing and sale of printed packaging materials. The Company operates its business through two segments. The Printed Packaging Material segment is engaged in the manufacturing and sale of printed packaging materials, such as package, package insert and label. The Packaging System Sales segment designs, purchases and sells packaging machinery and packaging lines. The other business is engaged in the staffing service.