Ichikawa Co., Ltd. announces an Equity Buyback for 200,000 shares, representing 4.13% for ¥300 million.
May 31, 2019 at 11:30 am IST
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Ichikawa Co., Ltd. (TSE:3513) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 4.13% of its share capital, for ¥300 million. The company will repurchase its shares in order to enhance shareholder returns, improve capital efficiency, and implement a flexible capital policy in response to changes in the business environment. The share repurchase program will run until September 30, 2019. As of May 31, 2019, the company had 4,842,646 shares outstanding (excluding treasury shares) and 124,505 shares in treasury.
ICHIKAWA CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of paper making products and industrial products. The Company operates through five business segments. The Paper Making Product (Japan, the Americans, Europe, and China) segment is mainly engaged in the manufacture and sale of paper making felts, paper making belts and slate felts. The Company distributes its products within the domestic market and to overseas markets, including the Americas, Europe and China. The Industrial Product segment is mainly engaged in the manufacture and sale of industrial felts and related industrial products. The Company is also engaged in the warehouse business.
ICHIKAWA CO., LTD. 