Tomoku Co., Ltd. announces an Equity Buyback for 3,700,000 shares, representing 4.33% for ¥1,400 million.
March 02, 2017
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Tomoku Co., Ltd. (TSE:3946) announces a share repurchase program. Under the program, the company will repurchase 3,700,000 shares, representing 4.33% of its share capital, at ¥346 per share for ¥1,400 million in total. The company is repurchasing its shares through the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3). The company will repurchase its shares in order to enhance shareholder returns and improve capital efficiency. As of January 31, 2017, the company had 85,456,506 shares outstanding (excluding treasury shares) and 11,251,336 shares in treasury.
TOMOKU CO., LTD. is a Japan-based company mainly engaged in cardboard, housing, and transportation warehouse businesses. The Company operates through three business segments. The Cardboard segment is engaged in the manufacture and sale of cardboard sheets, cardboard cases and printing paper containers. The main products include carrying cases, gift packages, and micro flute paper containers. The Housing segment is engaged in the design, construction, supervision and sale of detached houses. The Transportation Warehouse segment is engaged in freight transportation business and warehousing business.
TOMOKU CO., LTD. 