Takihyo Co., Ltd. announces an Equity Buyback for 150,000 shares, representing 1.62% for ¥300 million.
April 14, 2021 at 01:00 am EDT
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Takihyo Co., Ltd. (TSE:9982) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 1.62% of its issued share capital (excluding treasury stock), for a total purchase price of ¥300 million. The purpose of the program is to acquire treasury stock for the purpose of improving capital efficiency and returning profits to shareholders. The program will be valid till October 29, 2021. As of April 14, 2021, the company has 9,269,609 issued shares (excluding treasury stock) and 330,391 treasury shares.
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. 
