Misawa & Co.,Ltd. announces an Equity Buyback for 70,000 shares, representing 0.98% for ¥45 million.
September 14, 2023 at 03:00 am EDT
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Misawa & Co.,Ltd. (TSE:3169) announces a share repurchase program. Under the program, the company will repurchase up to 70,000 shares, representing 0.98% of its share capital, for ¥45 million. The repurchase of treasury stock is for the purpose of allocating it to treasury stock to be issued to the company's directors (excluding directors who are audit and supervisory committee members and outside directors) and employees of the company under the restricted stock compensation system.
The program will expire on April 30, 2024. As of August 31, 2023, the company had 7,109,265 shares in issue (excluding treasury stock) and 3,135 shares in treasury.
Misawa & Co., Ltd. is a company mainly engaged in the planning and sale of furniture, fabric goods, interior goods and miscellaneous goods. The Company has two business segments. The Unico segment is engaged in the sale of furniture, such as sofas, low tables, audio and visual (AV) boards, chests, cabinets, shelves, dining tables, chairs and beds, among others; fabric goods, such as bed linens, handkerchiefs, pouches and others; interior goods, such as curtains, rugs, lighting goods and clocks, among others, as well as sundries, including dishes, aroma goods and books, among others. The Food segment operates restaurants and cafes.
MISAWA & CO.,LTD. 
