Musashi Co., Ltd. announces an Equity Buyback for 250,000 shares, representing 3.39% for ¥491.5 million.
November 24, 2020 at 02:30 am EST
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Musashi Co., Ltd. (JASDAQ:7521) announces a share repurchase program. Under the program, the company will repurchase 250,000 shares, representing 3.39% of its share capital for a total of ¥491.5 million. The shares will be repurchased at a price of ¥1,966 per share. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment and improve capital efficiency. As of October 31, 2020, the company had 7,383,391 shares outstanding (excluding treasury shares) and 566,609 shares in treasury.
MUSASHI CO., LTD. is primarily engaged in the sale of information, printing and industrial system equipment, financial general and election system equipment, and paper products. The Company operates in four business segments. The Information, Printing and Industrial System Equipment segment provides equipment, materials, information processing service and maintenance of electronic media and microfilm integrated systems, and equipment, materials and maintenance of printing systems, IPS systems, and industrial inspection. The Financial General and Election System Equipment segment provides equipment, related materials and maintenance of currency handling, election and security systems. The Paper and Paper Products segment provides paper for use in printing, publishing, information and business, paperboards for cartons, special paper and paper products. The Real Estate Rental and Leasing segment is engaged in real estate leasing, non-life insurance agency and human resources business.
MUSASHI CO., LTD. 
