Japan Power Fastening Co.,Ltd. announces an Equity Buyback for 400,000 shares, representing 2.47% for ?42.4 million.
November 24, 2021 at 02:00 am EST
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Japan Power Fastening Co.,Ltd. (TSE:5950) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 2.47% for ?42.4 million. The shares will be repurchased at a price of ?106 per share. The purpose of the program is to improve capital efficiency and implement agile capital policies in response to changes in the business environment. The program will expire on November 25, 2021. As of October 31, 2021, the company had 16,225,054 shares in issue and 2,463,486 shares in treasury.
JAPAN POWER FASTENING CO., LTD. is a Japan-based company mainly engaged in the manufacturing and sale of fasteners and tools for architectural applications, including screws, nuts and metal fittings, as well as components for automobiles and home appliances. The Company operates in two business segments. The Architectural Fastener and Tool segment is engaged in the manufacture and sale of fasteners and tools for housing, mainly prefabricated houses, as well as for general construction and civil engineering applications. The Automotive and Home Appliance Parts segment is engaged in the manufacturing and sale of parts and components for automobiles and home appliances in China. The others business includes the operation of real estate leasing business.
JAPAN POWER FASTENING CO.,LTD. 
