Yamada Holdings Co., Ltd. announces an Equity Buyback for 200,000,000 shares, representing 23.92% for ¥100,000 million.
May 06, 2022 at 02:00 am EDT
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Yamada Holdings Co., Ltd. (TSE:9831) announces a share repurchase program. Under the program, the company will repurchase up to 200,000,000 shares, representing 23.92% of its share capital, for ¥100,000 million. The company will repurchase its shares in order to enhance the return of profits to shareholders by flexibly implementing capital policies in response to changes in the business environment and improving capital efficiency.
The purchase will take place on May 8, 2023. As of March 31, 2022, the company had 836,028,153 shares in outstanding (excluding treasury stock) and 130,619,777 shares in treasury.
Yamada Holdings Co Ltd, formerly Yamada Denki Co Ltd, is a Japan-based company primarily engaged in the sale of home appliances and information appliances. The Company is engaged in the purchase and sale of products, the manufacture and sale of cosmetics, the delivery and installation of products, the collection and transportation of industrial waste, the purchase, recycling and sale of used home appliances and personal computers, the credit cards and mortgage loans business, the insurance agency business, the stores construction and electrical construction business, the air conditioning and electrical construction business, the real estate business, as well as the manufacture and sale of housing equipment and the construction and sale of houses.