Bunkeido Co., Ltd. announces an Equity Buyback for 110,000 shares, representing 1.73% for ¥99.88 million.
August 17, 2016
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Bunkeido Co., Ltd. (NSE:9471) announces a share repurchase program. Under the program, the company will repurchase 110,000 shares, representing 1.73% of the outstanding shares for ¥99.88 million. Shares will be repurchased from the Nagoya Stock Exchange Off-Floor Treasury Share Trading (N-NET3). The purpose of the program is to carry out the acquisition of shares as part of the flexible capital policy in response to changes in the business environment. As of July 31, 2016, the company had 6,357,036 shares outstanding and 242,964 shares in treasury.
BUNKEIDO CO.,LTD. is a Japan-based company mainly engaged in the publication of educational books, and the manufacture and sale of teaching materials. The Company operates through two business segments. The Publishing segment is engaged in the manufacture and sale of primary and secondary school education books and commercial books. The Teaching Equipment segment is engaged in the manufacture and sale of supplies set, drawing teaching materials, chisel, home economics teaching materials, arithmetic sets, and arithmetic tools and other teaching equipment.
BUNKEIDO CO., LTD. 
