Katakura Industries Co.,Ltd. announces an Equity Buyback for 150,000 shares, representing 0.45% for ¥240 million.
November 09, 2023 at 02:00 am EST
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Katakura Industries Co.,Ltd. (TSE:3001) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 0.45% of its issued share capital, for ¥240 million. The purpose of the program is to to enhance shareholder returns and and improve capital efficiency.
The program will be valid till December 31, 2023. As of October 31, 2023, the company has 33,306,690 issued shares (excluding treasury stock) and 1,908,310 treasury shares.
Katakura Industries Co.,Ltd. is a Japan-based company mainly engaged in the real estate operation and leasing, as well as the manufacture and sale of mechanical maintenance products and auto parts. The Company operates through four business segments. The Textile segment is engaged in the manufacture and sale of underwear, socks, silk products, casual innerwear, adjusted underwear and functional fibers, as well as the brand licensing business. The Pharmaceutical segment manufactures and sells ethical drugs. The Machinery-Related segment manufactures and sells fire trucks, automobile parts, agricultural machinery and imports and sells petroleum products. The Real Estate segment operates shopping centers and rents real estate. The Company is also involved in the home improvement, building management services, sales of flower visiting insects, low potassium lettuce, production and sales of Hanabiratake and day services.
KATAKURA INDUSTRIES CO.,LTD. 
