Toso Company, Limited announces an Equity Buyback for 720,000 shares, representing 7.49% for ¥352.08 million.
November 18, 2019 at 02:30 am EST
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Toso Company, Limited (TSE:5956) announces a share repurchase program. Under the program, the company will repurchase 720,000 shares, representing 7.49% of its share capital, at ¥489 per share for ¥352.08 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. As of September 30, 2019, the company had 9,606,774 shares outstanding (excluding treasury shares) and 393,226 shares in treasury.
TOSO CO., LTD. is a Japan-based company mainly engaged in the development, manufacture and sale of interior decoration products. The Interior Decoration-related segment is engaged in the manufacture, purchase and sale of interior products including curtain rails, interior blinds, roll screens, roman shades and accordion-type partitions. The others business is engaged in the sale of nursing care products and plastic chains, the inventory management, packing, packaging and forwarding of interior products, as well as the non-life insurance agency business.
TOSO COMPANY, LIMITED 
