Nakayamafuku Co.,Ltd. announces an Equity Buyback for 350,000 shares, representing 1.76% for ¥150 million.
January 31, 2022 at 12:30 pm IST
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Nakayamafuku Co.,Ltd. (TSE:7442) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 1.76% of its issued share capital (excluding treasury stock), for a total purchase price of ¥150 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency, and to implement agile capital policies in response to changes in the business environment.
The program will continue through June 30, 2022. As of December 31, 2021, the company had 19,836,736 issued shares (excluding treasury stock) and 377,744treasury shares.
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. 
