Handsman Co., Ltd. announces an Equity Buyback for 350,000 shares, representing 2.46% for ¥500.5 million.
December 16, 2021 at 02:00 am EST
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Handsman Co., Ltd. (JASDAQ:7636) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 2.46% of its issued share capital (excluding treasury stock), for a total purchase price of ¥500.5 million. The shares will be repurchased at a price of $1,430 per share. The purpose of the program is to improve shareholder returns, capital efficiency, and preparation for a flexible capital strategy that responds to changes in the business environment. The program is valid till December 17, 2021. As of September 30, 2021, the company had 14,509,800 issued shares and 258,200 treasury shares.
HANDSMAN CO., LTD. is a Japan-based company engaged in the home center business. The Company is engaged in the retail of do-it-yourself (DIY) products, including hobby items, wooden products, building materials, hand tools, electrical tools, hardware, paints, adhesives, gardening materials, chemical fertilizers and soil, vegetation, exterior supplies and stones; household products, including household articles, daily necessities, interior supplies, electrical materials, storage products, housing facility equipment, as well as the automobile and leisure products, including automobile goods, outdoor products, pets, living objects and stationery.
HANDSMAN CO., LTD. 
