Shoei Co., Ltd. announces an Equity Buyback for 80,000 shares, representing 0.3% for ¥400 million.
August 05, 2021 at 02:00 am EDT
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Shoei Co., Ltd. (TSE:7839) announces a share repurchase program. Under the program, the company will repurchase up to 80,000 common stock, representing 0.3% of its issued share capital for ¥400 million. The purpose of the program is improvement of the company's corporate value and further share value with shareholders. The repurchased shares will be used to deliver in connection with a new stock compensation system. The program is valid till September 30, 2021. As of June 30, 2021, the company had 26,856,666 shares issued (excluding treasury stock) and 192 shares in treasury.
SHOEI CO., LTD. is a Japan-based company mainly engaged in the manufacturing and sales of motorcycle helmets. The Company is engaged in the manufacturing and sales of helmets for motorcycles, government and other official use, as well as the sales of helmet parts and other products. Through its subsidiaries, the Company is also engaged in the agency administration business and marketing business, as well as the sales of helmets and related components in the Europe and North American areas.
SHOEI CO., LTD. 
