Max Co., Ltd. announces an Equity Buyback for 1,500,000 shares, representing 3.07% for ¥2,461.5 million.
February 08, 2021 at 02:00 am EST
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Max Co., Ltd. (TSE:6454) announces a share repurchase program. Under the program, the company will repurchase 1,500,000 shares, representing 3.07% of the outstanding shares, at ¥1,641 per share for ¥2,461.5 million. The purpose of the program is to enhance capital efficiency and to improve shareholder returns. As of December 31, 2020, the company had 48,907,029 shares outstanding and 234,397 shares in treasury.
MAX CO., LTD. is a manufacturer of industrial equipment, such as nailing machines, air compressors, reinforcing bar tying machines, battery charge tools, bathroom heaters, ventilators and desiccators, as well as 24-hour ventilation systems, office equipment, such as staplers, time recorders, text display equipment, auto staplers and others, as well as home care & rehabilitation (HCR), such as standard, special wheel chairs and others. The Company has three business segments. The Office Equipment segment is engaged in the manufacture and sale of office equipment and stationery related products. The Industrial Equipment segment is engaged in the manufacture and sale of building equipment and housing equipment, among others. The HCR segment is engaged in the manufacture and sale of nursing care and welfare equipment.
MAX CO., LTD. 
