Kyodo Printing Co., Ltd. announces an Equity Buyback for 450,000 shares, representing 5.24% for ¥1,000 million.
November 09, 2020 at 11:30 am IST
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Kyodo Printing Co., Ltd. (TSE:7914) announces an share repurchase program. Under the program the company will repurchase 450,000 shares, representing 5.24% of the outstanding shares for ¥1,000 million. The purpose of the program is to improve shareholder returns by implementing a flexible capital policy in response to changes in the business environment and enhancing capital efficiency. The program will run until May 31, 2021. As of September 30, 2020, the company had 8,589,342 shares outstanding and 430,658 shares in treasury.
Kyodo Printing Co., Ltd. is a Japan-based company primarily engaged in the plate making, printing, bookbinding, as well as other related incidental businesses. The Company operates in three business segments. The Information Communication segment is engaged in periodicals business, books business, general commercial printing and related services. The Information Security segment is engaged in business forms business, securities printing business, cards business and related services. The Living & Industrial Materials segment is engaged in metal printing business, tubes, paper containers business, flexible packaging business and building materials business. The other businesses include logistics business, insurance handling business and real estate management business.
KYODO PRINTING CO., LTD. 