Misumi Co., Ltd. announces an Equity Buyback for 200,000 shares, representing 3.47% for ¥400 million.
September 28, 2023 at 01:00 am EDT
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Misumi Co., Ltd. (FKSE:7441) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 3.47% of the outstanding shares for ¥400 million. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment, improve capital efficiency, and return profits to shareholders.
The repurchase program will expire on September 30, 2024. As of August 31, 2023, the company had 5,756,334 issued shares (excluding treasury stock) and 344,169 shares in treasury.
MISUMI CO., LTD. is a Japan-based company engaged in the energy business, lifestyle business, food and beverage business. The Company has three business segments. The Energy segment is engaged in the wholesale and retail of petroleum related products such as gasoline, diesel oil, heating oil, heavy oil and lube oil, liquefied petroleum (LP) gas products and equipment, the distribution and filling of LP gas, as well as the construction and inspection of high pressure gas equipment. The Lifestyle segment is engaged in the sale of books, television games, computers and mobile phones, the rental of digital versatile discs (DVDs) and compact discs (CDs), the sale, maintenance and inspection of automobiles, the operation of commercial facilities, as well as the sale of houses and automobile tires. The Food and Beverage segment is engaged in the sale of Kentucky Fried Chicken and other products. The Company is also engaged in the advertising agency and golf courses operation business.
MISUMI CO., LTD. 
