Nihon Decoluxe Co., Ltd. announces an Equity Buyback for 40,000 shares, representing 4.92% for ?226 million.
October 29, 2021 at 04:00 am EDT
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Nihon Decoluxe Co., Ltd. (NSE:7950) announces a share repurchase program. Under the program, the company will repurchase up to 40,000 shares, representing 4.92% of the total number of issued shares for a total of ?226 million. The shares will be repurchased at a purchase price of ? 5,650 per share. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. The program will expire on November 1, 2021. As of September 30, 2021, the company had 812,203 share in issue and 80,797 shares in treasury.
NIHON DECOLUXE CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of decorative laminates and real estate business. The Company operates in two business segments. The Building Material segment is engaged in the manufacture and sale of decorative panel, products for the electronic component industry, and chemical anchor products. The decorative panel products mainly include high-pressure melamine decorative panels and non-combustible melamine decorative panels. The products for the electronic component industry include phenolic laminates for printed circuit boards. The chemical anchor products include anchor bolt fixative. The Real Estate segment is engaged in the rental of office buildings and leasing of real estate.
NIHON DECOLUXE CO., LTD. 
