JK Holdings Co., Ltd. announces an Equity Buyback for 500,000 shares, for ¥500 million.
March 13, 2020 at 02:30 am EDT
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JK Holdings Co., Ltd. (TSE:9896) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 1.65% of its share capital, for ¥500 million. The company will repurchase its shares in order to improve capital efficiency and implement a flexible capital policy in response to changes in the business environment. The program will run until July 31, 2020. As of February 29, 2020, the company had 30,329,105 shares outstanding (excluding treasury shares) and 1,510,911 shares in treasury.
JK Holdings Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of plywood, the processing and sale of wood, and the wholesale and retail of plywood, plywood secondary products, building materials and housing equipment. The Company has three business segments. The General Building Material Wholesale segment is mainly engaged in the wholesale of plywood, plywood secondary products, building materials and housing equipment. The Plywood Manufacturing and Wood Processing segment is mainly engaged in the manufacture and sale of structural plywood, long plywood, laminated wood and assembled processed products, and the processing and sale of wood. The General Building Material Retail segment is mainly engaged in the retail of plywood, plywood secondary products, building materials and housing equipment. The Company is also engaged in the franchise, real estate leasing, warehouse, transportation, construction and travel business, and the insurance agency business.
JK HOLDINGS CO., LTD. 
