Kanseki Co., Ltd. announces an Equity Buyback for 60,000 shares, representing 0.86% for ¥100 million.
April 10, 2020 at 02:00 am EDT
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Kanseki Co., Ltd. (JASDAQ:9903) announces a share repurchase program. Under the program, the company will repurchase 60,000 shares, representing 0.86% of its share capital, for ¥100 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, and further return profits to shareholders. The program will run until February 28, 2021. As of February 29, 2020, the company had 6,958,665 shares outstanding (excluding treasury shares) and 1,091,335 shares in treasury.
KANSEKI CO., LTD. is a Japan-based company mainly engaged in the sale of home tools and products. The Company operates in four business segments. The Home Center segment is engaged in the operation of home centers that sell household goods, car and leisure goods, stationeries, food and other products. The WILD-1 segment is engaged in the sale of outdoor products. The Special Shop segment is engaged in the sale of recycle products and commercial food materials, as well as the operation of restaurants. The Store Development segment is engaged in the leasing and management of buildings and other real estate, as well as the operation of amusement facilities. The Company is also engaged in the real estate business and the insurance agency business.
KANSEKI CO., LTD. 
