Nihon Isk Co.,Ltd. announces an Equity Buyback for 100,000 shares, representing 5.64% for ¥100 million.
May 19, 2020 at 10:30 am IST
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Nihon Isk Co.,Ltd. (JASDAQ:7986) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 5.64% of the outstanding shares for ¥100 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until November 19, 2020. As of March 31, 2020, the company had 1,774,590 shares outstanding and 1,410 shares in treasury.
NIHON ISK CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of steel products, archive lockers, dental equipment, and leasing of buildings. The Company operates through five business segments. The Archive Locker-related segment is engaged in the manufacture and sale of archive lockers. The Dental segment is engaged in the purchase and sale of dental equipment. The Steel Products-related segment is engaged in the manufacture and sale of fireproof safes, and the purchase and sale of portable safes. The Real Estate Leasing segment is engaged in the leasing of buildings. The Office Automation (OA) Floor-related segment is engaged in the manufacture and sale of OA floors. It also sells tools.