Denkyosha Co.,Ltd. announces an Equity Buyback for 75,000 shares, representing 1.23% for ¥103.73 million.
December 07, 2021 at 02:45 am EST
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Denkyosha Co.,Ltd. (TSE:8144) announces a share repurchase program. Under the program, the company will repurchase up to 75,000 shares, representing 1.23% of its share capital, for ¥103.73 million. The shares will be repurchased at a price of ¥1,383 per share. The purpose of the program is to implement agile capital policies that respond to changes in capital efficiency, shareholder returns, and changes in the business environment. As of November 30, 2021, the company had 6,119,863 shares in issue(excluding treasury stock) and more than 545,158 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. 
