Okamoto Industries, Inc. announces an Equity Buyback for 200,000 shares, representing 1.08% for ?1,000 million.
November 10, 2021 at 02:00 am EST
Share
Okamoto Industries, Inc. (TSE:5122) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 1.08% of its share capital, for ?1,000 million. The company will repurchase its shares in order to enhance shareholder returns, improve capital efficiency, and enable future flexible capital policies. The program will run until March 31, 2022. As of October 31, 2021, the company had 18,540,764 shares outstanding (excluding treasury shares) and 558,603 shares in treasury.
OKAMOTO INDUSTRIES,INC. is a Japan-based company mainly engaged in the manufacture and sale of industrial products and household goods. The Company operates through two business segments. The Industrial Products segment sells products mainly made of plastic resins to processing companies. The Daily Necessities segment mainly sells daily necessities and consumable goods to consumers. The Company is also involved in the group's logistics business and solar power generation business. The Companyâs major products include plastic films, construction and industrial materials, medical and daily necessities, shoes, clothing and sports equipment and others.
OKAMOTO INDUSTRIES, INC. 
