Mitsumura Printing Co., Ltd. announces an Equity Buyback for 200,000 shares, representing 0.64% for ¥54 million.
February 05, 2017
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Mitsumura Printing Co., Ltd. (TSE:7916) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 0.64% of the outstanding shares for ¥54 million. Shares will be repurchased by market purchase through the Tokyo Stock Exchange. The purpose of the program is to improve shareholder returns and to enable a flexible capital policy. The program will run until March 24, 2017. As of January 31, 2017, the company had 31,457,986 shares outstanding and 176,217 shares in treasury.
MITSUMURA PRINTING CO., LTD. is a Japan-based company principally engaged in printing business, electronic component manufacture business and real estate leasing business. The Company operates in three business segments. Printing segment conducts general printing and newspaper printing. The Segmentâs main products include publications, promotional prints, commercial prints, slips, securities, continuous slips, packaging, cards, newspapers, shopping bags, as well as video productions, among others. Electronic Component Manufacture segment mainly manufactures and sells flat panel display products and etching precision products. Real Estate Leasing segment is engaged in the leasing of office buildings and warehouse ruins, as well as the solar power generation business.