Kanseki Co., Ltd. announces an Equity Buyback for 70,000 shares, representing 1% for ¥120 million.
April 12, 2019 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 70,000 shares, representing 1% of the outstanding shares for ¥120 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to improve shareholder profits. The program will run until February 29, 2020. As of February 28, 2019, the company had 7,009,265 shares outstanding and 1,040,735 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. 
