Daiwabo Holdings Co., Ltd. announces an Equity Buyback for 1,500,000 shares, representing 1.56% for ¥2,000 million.
May 13, 2021 at 12:00 am EDT
Share
Daiwabo Holdings Co., Ltd. (TSE:3107) announces a share repurchase program. Under the program the company will repurchase 1,500,000 shares, representing 1.56% of the outstanding shares, for ¥2,000 million. The purpose of the program is to improve capital efficiency and shareholder value as part of the shareholder return policy in the medium-term management plan. The program will expire on August 31, 2021.
Daiwabo Holdings Co.,Ltd. is a Japan-based company mainly engaged in manufacture, processing and sale of textile products, sale of information equipment, manufacture and sale of machine tools. It has four business segments. Information Technology Infrastructure Distribution business sells computer and peripheral equipment, provides one-stop services of logistics and technical services, provides solution business of system development, network construction. Textiles business is engaged in manufacture, processing and sale of synthetic cotton, non-woven products, industrial materials products, textiles, knits, secondary products. Industrial Machinery business manufactures and sells machine tools, automatic machines. It is also engaged in hotel business, real estate leasing and management, provision of general affairs, personnel and financial services, development and operation of information processing systems, civil engineering and construction, insurance agency and finance business.
DAIWABO HOLDINGS CO., LTD. 
