Nakayamafuku Co.,Ltd. announces an Equity Buyback for 100,000 shares, representing 0.5% for ¥90 million.
May 12, 2016
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Nakayamafuku Co., Ltd. (TSE:7442) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.5% of its total shares outstanding excluding treasury shares, for a total of ¥90 million. Repurchases will be made through Tokyo Stock Exchange Off-Auction Own Share Repurchase (ToSTNeT-3). The purpose of the repurchase program is to enhance capital efficiency and to implement a flexible capital policy corresponding to changes in the business environment. The share repurchase program is valid until June 15, 2016. As of March 31, 2016, the company had 20,181,529 shares outstanding excluding treasury shares and had 32,951 shares in treasury.
NAKAYAMAFUKU CO.,LTD. is a Japan-based company engaged in the wholesale business about household goods such as kitchen goods and dining goods, as well as the manufacture and sale business about horticulture and interior goods. The Company operates through five geographic segments including Hokkaido & Tohoku, Kanto, Chubu, Kinki and Chugoku & Kyushu. The Company is mainly engaged in the sale of kitchen goods, dining goods, sanitary goods, storage goods and season goods to retailers in Japan (home centers, supermarkets, mail order dealers, co-ops, specialty retailers). In addition, the Company is also engaged in the Internet mail order business, import and sale business of interior related products, as well as the manufacture and sale business of horticulture and interior goods.
NAKAYAMAFUKU CO.,LTD. 