T&K Toka Co., Ltd. announces an Equity Buyback for 1,000,000 shares, representing 4.25% for ¥715 million.
May 13, 2020 at 04:00 am EDT
Share
T&K Toka Co., Ltd. (TSE:4636) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 4.25% of the outstanding shares, at ¥715 per share for ¥715 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. As of March 31, 2020, the company had 23,505,335 shares outstanding and 1,550,105 shares in treasury.
T&K TOKA CO.,LTD. is a Japan-based company engaged in sale of printing ink, printing related equipment, printing machines and synthetic resins. The Company is mainly engaged in the sale, import and export of printing inks, synthetic resins for printing, paints and adhesives, printing related materials and equipment. Its main products are UV curable ink, lithographic ink (offset ink), resin letterpress ink (flexo ink), gravure ink, inks for metal printing, special function ink and synthetic resin. In addition, the Company is engaged in industrial waste incineration business and life and casualty insurance agency business.
T&K TOKA CO., LTD. 
