Tranche Update on Max Co., Ltd.'s Equity Buyback Plan announced on February 8, 2021.
February 08, 2021 at 08:00 pm EST
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From February 8, 2021 to February 9, 2021, the company has repurchased 1,204,000 shares, representing 2.46% for ¥1,975.76 million. With this, the company has completed the repurchase of 1,204,000 shares, representing 2.46% for ¥1,975.76 million under the buyback announced on February 8, 2021.
MAX CO., LTD. is a manufacturer of industrial equipment, such as nailing machines, air compressors, reinforcing bar tying machines, battery charge tools, bathroom heaters, ventilators and desiccators, as well as 24-hour ventilation systems, office equipment, such as staplers, time recorders, text display equipment, auto staplers and others, as well as home care & rehabilitation (HCR), such as standard, special wheel chairs and others. The Company has three business segments. The Office Equipment segment is engaged in the manufacture and sale of office equipment and stationery related products. The Industrial Equipment segment is engaged in the manufacture and sale of building equipment and housing equipment, among others. The HCR segment is engaged in the manufacture and sale of nursing care and welfare equipment.