Tomoku Co., Ltd. announces an Equity Buyback for 2,200,000 shares, representing 2.35% for ¥660 million.
May 13, 2016 at 11:42 am IST
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Tomoku Co., Ltd. (TSE:3946) announces a share repurchase program. Under the program, the company will repurchase up to 2,200,000 shares, representing 2.35% of its outstanding shares for ¥660 million. The purpose of the program is to enhance shareholder returns and to improve capital efficiency. The program will be valid until June 16, 2016. As of March 31, 2016, the company had 93,426,784 shares outstanding and 3,281,058 shares in treasury.
TOMOKU CO., LTD. is a Japan-based company mainly engaged in cardboard, housing, and transportation warehouse businesses. The Company operates through three business segments. The Cardboard segment is engaged in the manufacture and sale of cardboard sheets, cardboard cases and printing paper containers. The main products include carrying cases, gift packages, and micro flute paper containers. The Housing segment is engaged in the design, construction, supervision and sale of detached houses. The Transportation Warehouse segment is engaged in freight transportation business and warehousing business.
TOMOKU CO., LTD. 
