Katakura Industries Co.,Ltd. announces an Equity Buyback for 2,500,000 shares, representing 7.11% for ¥2,500 million.
March 27, 2020 at 03:00 am EDT
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Katakura Industries Co.,Ltd. (TSE:3001) announces a share repurchase program. Under the program, the company will repurchase 2,500,000 shares, representing 7.11% of its share capital, for ¥2,500 million. The company will repurchase its shares in order to enhance shareholder returns and improve capital efficiency. The program will run until March 31, 2021. As of February 29, 2020, the company had 35,151,676 shares outstanding (excluding treasury shares) and 63,324 shares in treasury.
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. 
