Fuji Seal International, Inc. announces an Equity Buyback for 1,500,000 shares, representing 2.63% for ¥5,000 million.
June 20, 2019 at 04:00 am EDT
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Fuji Seal International, Inc. (TSE:7864) announces a share repurchase program. Under the program, the company will repurchase 1,500,000 shares, representing 2.63% of the outstanding shares for ¥5,000 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. The program will run until June 19, 2020. As of June 20, 2019, the company had 57,047,323 shares outstanding and 3,114,633 shares in treasury.
FUJI SEAL INTERNATIONAL, INC. is a Japan-based company mainly engaged in the planning, proposing, developing, manufacturing and sales of packaging systems centered on shrink sleeve labels, self-adhesive labels (pressure sensitive labels) and spouted pouches. The Company operates in five segments: Japan segment, the Americas segment, Europe segment, PAGO segment and Association of Southeast Asian Nations (ASEAN) segment. The Company is engaged in the manufacturing and sales of packaging products, packaging machinery and related machinery as well as providing maintenance services. The Companyâs products are used in food, beverages, dairy, home and personal care and pharmaceutical products, etc.
FUJI SEAL INTERNATIONAL, INC. 
