Kurabo Industries Ltd. announces an Equity Buyback for 800,000 shares, representing 3.87% for ¥2,000 million.
May 12, 2021 at 12:20 am EDT
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Kurabo Industries Ltd. (TSE:3106) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 shares, representing 3.87% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will be valid till September 30, 2021.
KURABO INDUSTRIES LTD. is primarily engaged in the manufacture of textiles and chemicals. The Textile segment manufactures and sells threads, fabrics, textile, non-woven fabrics, knits, reinforced nets and secondary textile products, as well as the staining, arrangement and processing of synthetic fabrics. The Chemical segment manufactures and sells polyurethane foam, synthetic lumber, inorganic construction materials, functional film and high functional and engineering plastics, among others. The Real Estate segment is engaged in the leasing of real estate. The Environmental Mechatronics segment manufactures and sells information system equipment and inspection and measurement systems related to color and production management, designs, produces, constructs and sells various plants related to the environment and energy, manufactures biomass power generation business and bio-related products. The Food and Service segment engages in the manufacture and sales of freeze-dried foods.
KURABO INDUSTRIES LTD. 
