Max Co., Ltd. announces an Equity Buyback for 500,000 shares, representing 1.07% for ¥1,490.5 million.
December 11, 2023 at 02:30 am EST
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Max Co., Ltd. (TSE:6454) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 1.07% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,490.50 million. The shares will be repurchased at a price of ¥2,981 per share.
The purpose of the program is to enhance shareholder returns and improve capital efficiency. As of September 30, 2023, the company has 46,829,381 issued shares (excluding treasury stock) and 708,045 treasury shares.
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. 
