Takihyo Co., Ltd. announces an Equity Buyback for 135,000 shares, representing 1.45% for ¥300 million.
December 18, 2020 at 04:00 am EST
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Takihyo Co., Ltd. (TSE:9982) announces a share repurchase program. Under the program, the company will repurchase 135,000 shares, representing 1.45% of its share capital, for ¥300 million. The company will repurchase its shares in order to improve capital efficiency and return profits to shareholders. The program will run until April 30, 2021. As of September 18, 2020, the company had 9,307,146 shares outstanding (excluding treasury shares) and 292,854 shares in treasury.
Takihyo Co., Ltd. is a Japan-based company mainly engaged in the planning, manufacture and sale of apparel and textile-related products. The Company operates through two business segments. The Apparel and Textiles business is engaged in the planning, manufacture and sale of ladies and babies clothing, and woolen textiles. It is also engaged in the production management, delivery date management and quality management of products, and export operations. It is also engaged in the delivery-related operations for sorting, packing, and shipping. It is also engaged in the manufacture of patterns and samples, and planning and sales of uniforms. The Leasing business is engaged in rental management of real estate, and leasing of office equipment. The Company is also engaged in the sale of synthetic resin and chemical products, and the operation of Komeda Coffee shop as a franchisee.
TAKIHYO CO., LTD. 
