Okamura Corporation announces an Equity Buyback for 10,000,000 shares, representing 9.06% for ¥12,000 million.
May 13, 2020 at 01:30 am EDT
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Okamura Corporation (TSE:7994) announces a share repurchase program. Under the program, the company will repurchase 3,000,000 shares, representing 2.72% of the outstanding shares for ¥3,600 million. 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 March 31, 2021. As of April 30, 2020, the company had 110,323,816 shares outstanding and 2,067,714 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 
