Tokyo Printing Ink Mfg. Co., Ltd. announces an Equity Buyback for 80,000 shares, representing 2.96% for ¥200 million.
February 07, 2020 at 01:00 am EST
Tokyo Printing Ink Mfg. Co., Ltd. (TSE:4635) announces a share repurchase program. Under the program, the company will repurchase 80,000 shares, representing 2.96% of the outstanding shares for ¥200 million. The purpose of the program is to improve shareholder returns by implementing a flexible capital policy and enhancing capital efficiency. The program will run until October 31, 2020. As of January 31, 2020, the company had 2,701,620 shares outstanding and 24,138 shares in treasury.