Kimoto Co., Ltd. announces an Equity Buyback for 1,000,000 shares, representing 2.03% for ¥204 million.
November 19, 2019 at 11:30 am IST
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Kimoto Co., Ltd. (TSE:7908) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 2.03% of its share capital, for ¥204 million. The company will repurchase its shares in order to improve capital efficiency, along with aiming to enhance shareholder returns. The program will run until February 28, 2020. As of September 30, 2019, the company had 49,150,446 shares outstanding (excluding treasury shares) and 5,622,118 shares in treasury.
KIMOTO CO., LTD. is a manufacturer of films. The Company has four segments, including Japan, North America, East Asia and Europe. Through its segments, it is involved in the development of processing technologies for surface treatment on films, the manufacture and sale of various industrial materials, the sale of geographic information system (GIS)-related software, the provision of outsourced data processing services, as well as the contracting business of aerial photograph processing and duplication of drawings.