Duskin Co., Ltd. announces an Equity Buyback for 1,786,000 shares, representing 3.57% for ¥5,000 million.
November 08, 2022 at 02:00 am EST
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Duskin Co., Ltd. (TSE:4665) announces a share repurchase program. Under the program, the company will repurchase up to 1,786,000 shares, representing 3.57% of its issued share capital (excluding treasury stock), for a total purchase price of ¥5,000 million. The purpose of the program is to improve capital efficiency, enhance shareholder returns, and enable flexible capital policies in response to changes in the business environment.
The program will continue through September 22, 2023. As of October 31, 2022, the company had 50,039,027 issued shares (excluding treasury stock) and 955,796 treasury shares.
Duskin Co Ltd is a Japan-based company mainly involved in the rental of dust control products, as well as the related business activities. The Company operates in two segments. The Clean Care Group segment is engaged in the leasing of cleaning materials and machines, cabinet towels, industrial waste cloth, water purifiers and air purification systems; the sale of daily products, cosmetics and toiletries; the provision of services including house cleaning, pest control and facility management; the leasing and sale of travel gears, baby products, leisure products, health and nursing equipment; the leasing of uniforms, as well as the sale of office coffee, among others. The Food Group segment is engaged in the sale of doughnuts, tea, cafe food and drinks, among others. The Company is also engaged in the leasing of commercial equipment and automobiles, the management of hospitals, as well as the provision of insurance agency services, among others.
DUSKIN CO., LTD. 
