Sankyo Seiko Co., Ltd. announces an Equity Buyback for 2,000,000 shares, representing 4.58% for ¥1,100 million.
June 08, 2021 at 12:00 pm IST
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Sankyo Seiko Co., Ltd. (TSE:8018) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 4.58% of its issued share capital for ¥1,100 million. The purpose of the program is to enable the flexible execution of capital policies in response to changes in the business environment. The program is valid till June 30, 2022. As of May 31, 2021, the company had 43,705,182 shares outstanding (excluding treasury shares) and 16,294,818 shares in treasury.
SANKYO SEIKO CO., LTD. is a Japan-based company mainly engaged in the fashion related business, the textile related business and the real estate leasing business. The Company operates through three business segments. The Fashion Related segment is mainly engaged in the planning, manufacture and sale of fashion products, the import and sale of overseas brand products, as well as the licensing business. The Textile Related segment is mainly engaged in the processing, planning, manufacture and sale of textile and clothing products. The Real Estate Leasing segment is mainly engaged in the leasing of real estate owned by the Company and group companies, including office, hotels and buildings. The Company is also engaged in the building maintenance business and interior decorating business.
SANKYO SEIKO CO., LTD. 
