Okamura Corporation announces an Equity Buyback for 1,500,000 shares, representing 1.49% for ¥2,400 million.
May 26, 2021 at 02:50 am EDT
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Okamura Corporation (TSE:7994) announces a share repurchase program. Under the program, the company will repurchase 1,500,000 shares, representing 1.49% of the outstanding shares for ¥2,400 million. The shares will be repurchased at a price of ¥ 1,600 per share. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until May 27, 2021. As of May 26, 2021, the company had 100,620,640 shares outstanding and 381 shares in treasury.
OKAMURA CORPORATION is a company mainly engaged in the manufacture and sale of office environmental equipment and commercial environmental equipment. The Company operates in two business segments. The Office Environmental segment is engaged in the manufacture and sale of office furniture, communal facility furniture, security products and health care products, among others. The Commercial Environmental segment is engaged in the manufacture and sale of store shelves, freezer showcases, refrigerated showcases and store counters. The Company is also engaged in the manufacture and sale of logistics equipment, such as storage racks for factories and warehouses, logistics automatic equipment and facilities.
OKAMURA CORPORATION 
