Eidai Co., Ltd. announces an Equity Buyback for 650,000 shares, representing 1.41% for ¥282.75 million.
May 23, 2016
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Eidai Co., Ltd. (TSE:7822) announces a share repurchase program. Under the plan, the company will repurchase up to 650,000 shares, representing 1.41% of the outstanding shares, at a price of ¥435 per share for a total of ¥282.8 million. The company will repurchase its shares from the Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the repurchase program is to enhance shareholder returns and to improve capital efficiency. As of May 23, 2016, the company had 45,946,493 shares outstanding and 837,307 shares in treasury.
Eidai Co., Ltd. is a company mainly engaged in the manufacture and sale of wooden building materials and wooden boards. The Company operates in two business segments. The Housing Materials segment manufactures and sells building materials, including floorings, stairs sets, interior doors, construction materials and system kitchens. The Wooden Board segment is engaged in the manufacturing and sale of raw material particle boards and cosmetic particle boards. The others business engages in utilization business of owned real estate, asbestos treatment work, measurement and analysis of work environment, sales of processed chemicals and other environmental businesses, as well as solar power generation business.
EIDAI CO.,LTD. 
