Announcement concerning the Results of the Purchase
of Treasury Shares through ToSTNeT-3
With respect to the purchase of treasury shares announced August 3, 2022, TAKARA STANDARD CO., LTD. (the "Company" hereinafter) is announcing that it has executed the repurchases as follows.
1. Reason for the purchase of treasury shares
In the "Medium Term Management Plan 2023" that was announced on June 29, 2021, the Company set "improvement of capital efficiency and further enhancement of shareholder return by using ROIC, etc." as one of its priority issues of management. After comprehensively considering the Company's financial position and the trends of the stock market, etc., the Company conducted a purchase of treasury shares as one initiative toward addressing the aforementioned management issue.
2. Details of the purchase
(1)
Class of shares to be purchased
Common stock of the Company
(2)
Total number of shares purchased
2,180,100 shares
(3)
Total cost of the purchase
¥2,873,371,800
(4)
Date of the purchase
August 4, 2022
(5)
Method of purchase
Repurchase through ToSTNeT-3 of the Tokyo Stock Exchange
(Reference)
1. Details of the resolution of the Board of Directors meeting held on August 2, 2022
(1)
Class of shares to be purchased
Common stock of the Company
(2)
Total number of shares to be purchased
2,400,000 shares (maximum)
(3.28% of total number of issued shares excluding treasury shares)
(3)
Total amount for share purchase
¥3,600 million (maximum)
(4)
Purchase period
August 3, 2022 to February 24, 2023
(5)
Method of purchase
Open market purchase at the Tokyo Stock Exchange including
Off-Auction Own Share Repurchase Trading (ToSTNet-3)
1
2. Status of the purchase as of August 4, 2022
(1)
Total number of shares purchased
2,180,100 shares
(2)
Total amount of purchase cost
¥2,873,371,800
2
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Takara Standard Co. Ltd. published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 01:46:01 UTC.
TAKARA STANDARD CO., LTD. is a Japan-based company manufacturing and selling household equipment. The Kitchen Equipment division offers enameled and wooden system kitchens, kitchen sets, hollow kitchen panels, heating equipment and range hood storage equipment. The Bathroom Equipment division provides enameled and wooden bathroom vanities, sink units and enameled side panels. The Bathtub Equipment division provides system bathrooms, enameled bathtubs, color stainless steel bathtubs and artificial marble bathtubs and others. The Hot Water Supply Equipment division offers electric water heaters, gas and oil water heater, among others. The Sanitation Equipment division provides residential toilet, hand wash basin, various storage devices and others. The Others division provides other housing equipment, industrial kitchens, enameled wall-covering materials, moldings and others.
TAKARA STANDARD CO.,LTD. 