Nakano Refrigerators Co.,Ltd. announces an Equity Buyback for 1,150,000 shares, representing 18.95% for ¥3,290.15 million.
May 23, 2017 at 06:25 am EDT
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Nakano Refrigerators Co.,Ltd. (JASDAQ:6411) announces a share repurchase program. Under the program, the company will repurchase up to 1,150,000 shares, representing 18.95% of the shares outstanding, at ¥2,861 per share for ¥3,290.15 million. Shares will be repurchased through the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3). Nakano, K.K. will sell 1,000,000 shares. The purpose of the program is to improve earnings per share, shareholder returns and to enhance capital efficiency. As of December 31, 2016, the company had 6,068,083 shares outstanding and 2,885,917 shares in treasury.
NAKANO REFRIGERATORS CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of frozen and refrigerated showcases for food stores. The Company is engaged in the manufacture and sale of showcases for stores, the construction and maintenance of showcases for food stores, as well as the sale, construction and maintenance of showcases for food stores.
NAKANO REFRIGERATORS CO.,LTD. 
