Kawase Computer Supplies Co. Ltd. closed an Equity Buyback in the amount of ¥5.75 mm
February 28, 2013 at 09:30 am IST
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The Board of Directors of Kawase Computer Supplies Co. Ltd. (OSE:7851) authorized a share repurchase program on February 27, 2013. Under the program, the company will repurchase up to 25,000 shares, representing 0.52% of its issued share capital (excluding treasury shares), at a fixed price of ¥230 per share, for a total cost of ¥5.75 million. The repurchases will be done in the Osaka Securities Exchange J-NET treasury. The purpose of the repurchase program is to implement a flexible capital policy which supports changes in the business environment. Repurchases will be made on February 28, 2013. As of February 27, 2013, the company has 4,838,240 shares outstanding (treasury shares excluded) and 321,760 shares held in treasury.
Kawase Computer Supplies Co. Ltd. completed its share repurchase program on February 28, 2013.
KAWASE COMPUTER SUPPLIES CO., LTD. is engaged in the manufacture and sale of commercial forms and bill books, as well as the information processing business. The Company operates in two business segments. The Business Form segment is engaged in the design, plate making, printing and processing of bill books, as well as the operation of commercial printings. The Information Processing segment is involved in the outsourcing business for data editing and processing, as well as data printings. This segment is also engaged in the mailing, soft application and cloud businesses.