Fuji Seal International, Inc. announces an Equity Buyback for 1,000,000 shares, representing 1.8% for ¥2,000 million.
November 10, 2020 at 01:00 am EST
Share
Fuji Seal International, Inc. (TSE:7864) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 1.8% of its share capital, for ¥2,000 million. The company will repurchase its shares in order to further enhance shareholder returns and improve capital efficiency. The program will run until May 10, 2021. As of November 10, 2020, the company had 55,583,422 shares outstanding (excluding treasury shares) and 4,578,534 shares in treasury.
FUJI SEAL INTERNATIONAL, INC. is a Japan-based company mainly engaged in the planning, proposing, developing, manufacturing and sales of packaging systems centered on shrink sleeve labels, self-adhesive labels (pressure sensitive labels) and spouted pouches. The Company operates in five segments: Japan segment, the Americas segment, Europe segment, PAGO segment and Association of Southeast Asian Nations (ASEAN) segment. The Company is engaged in the manufacturing and sales of packaging products, packaging machinery and related machinery as well as providing maintenance services. The Companyâs products are used in food, beverages, dairy, home and personal care and pharmaceutical products, etc.
FUJI SEAL INTERNATIONAL, INC. 
