Asahi Printing Co.,Ltd. announces an Equity Buyback for 290,000 shares, representing 1.31% for ¥277.24 million.
January 18, 2021 at 01:00 pm IST
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Asahi Printing Co.,Ltd. (TSE:3951) announces a share repurchase program. Under the program, the company will repurchase 290,000 shares, representing 1.31% of its share capital, at ¥956 per share for ¥277.24 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will be valid till January 19, 2021. As of December 31, 2020, the company had 22,219,357 shares outstanding (excluding treasury shares) and 1,065,572 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.
ASAHI PRINTING CO.,LTD. 