Dai Nippon Printing Co., Ltd. announces an Equity Buyback for 17,000,000 shares, representing 6.05% for ¥30,000 million.
May 13, 2021 at 02:00 am EDT
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Dai Nippon Printing Co., Ltd. (TSE:7912) announces a share repurchase program. Under the program, the company will repurchase up to 17,000,000 shares, representing 6.05% of its share capital (excluding treasury stock), at ¥1,764.71 per share, for ¥30,000 million. The company will repurchase its shares in order to improve capital efficiency, return profits to shareholders and enable the implementation of a flexible capital policy in the future. The share repurchase program will run until December 20, 2021. As of April 30, 2021, the company had 280,887,700 shares outstanding (excluding treasury shares) and 43,352,646 shares in treasury.
Dai Nippon Printing Co. specializes in printing services. Net sales break down by activity as follows:
- printing of cards, books and business documents (54.1%): microchips, plastic cards, books, magazines, catalogs, administrative forms, brochures, indices, etc.;
- printing of flexible packages and decorative coatings (28.2%): bags, bottles, cardboard boxes, paint papers, wood and metal engraved plates, etc. The group also produces and sells optic films, ink ribbons, etc.;
- manufacturing of electronic components (13.7%): semiconductors components, photolithography masks, projection screens, protection filters for screens, color printers components, etc.;
- production of beverages (4%).
Net sales are distributed geographically as follows: Japan (83%), Asia (10.6%) and other (5.4%).
DAI NIPPON PRINTING CO., LTD. 
