Denkyosha Co.,Ltd. announces an Equity Buyback for 180,000 shares, representing 2.87% for ¥230.04 million.
February 19, 2017
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Denkyosha Co.,Ltd. (TSE:8144) announces a share repurchase program. Under the program, the company will repurchase up to 180,000 shares, representing 2.87% of its issued share capital, at a price of ¥1,278 per share for a total of ¥230.04 million. The company will repurchase its shares through Off-auction Own Share Repurchase. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in shareholder returns and the business environment. As of December 31, 2016, the company had 6,265,380 shares outstanding and 399,641 shares in treasury.
Denkyo Group Holdings Co Ltd is a Japan-based company mainly engaged in the wholesale of electrical goods and household goods. The Company operates through two business segments. The Electric Goods Wholesale Business segment is engaged in the sale of electrical products purchased from makers to retailers including the electronics retail stores, home centers and general merchandise stores. The segment is also engaged in the planning and manufacture of home appliances overseas, as well as the sale of products to domestic wholesalers and retailers. The Household Goods Wholesale Business segment is involved in the sale of household products to retailers including the electronics retail stores, home centers and general merchandise stores. The Company is also engaged in the electronic components sales business, home appliances repair and logistics delivery business, electrical-related systemization business and real estate management business.
DENKYO GROUP HOLDINGS CO.,LTD. 
