T.Kawabe & Co., Ltd. closed an Equity Buyback in the amount of ¥40.25 mm
March 22, 2013 at 09:30 am IST
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The Board of Directors of T.Kawabe & Co., Ltd. (JASDAQ:8123) authorized a share repurchase program on March 21, 2013. Under the program, the company will repurchase up to 250,000 shares, representing 1.35% of its issued share capital (excluding treasury shares), at a fixed price of ¥161 per share, for a total cost of ¥40.25 million. The repurchases will be done NET market of the Osaka Securities Exchange. The purpose of the repurchase program is to pursue a dynamic capital strategy responsive to changes in the business world and to put efforts into profit return for our shareholders. Repurchases will be made on March 21, 2013. As of March 21, 2013, the company has 18,521,106 shares outstanding (treasury shares excluded) and 88,894 shares held in treasury.
T.Kawabe & Co., Ltd. completed its share repurchase program on March 22, 2013.
T.KAWABE&CO., LTD. is engaged in the wholesale of personal belongings business such as handkerchiefs, scarves, towels and miscellaneous goods. The Company operates in two business segments. The Personal Items business manufactures, sells, imports and exports handkerchiefs, scarves, mufflers, towels, and textile products. The fragrance business manufactures, sells, and imports and exports perfumes. The Company is also engaged in sale, import and export of upholstery, furniture and bedding; planning and consulting of clothing design and interior decoration; buying, sale and leasing of real estate, as well as manufacture, sale, import and export of cosmetics, perfumes, soaps, pharmaceuticals, and quasi-drugs.
T.KAWABE & CO., LTD. 
