Nissha Co., Ltd. announces an Equity Buyback for 700,000 shares, representing 1.43% for ¥1,000 million.
November 09, 2023 at 01:00 am EST
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Nissha Co., Ltd. (TSE:7915) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 1.43% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,000 million. The purpose of the program is to improve shareholders return and capital efficiency.
A portion of the acquired treasury stock is scheduled to be allocated for stock benefits to directors, officers, etc. and employees. The program will be valid till March 31, 2024.
As of September 30, 2023, the company had 48,840,897 issued shares (excluding treasury stock) and 2,014,741 treasury shares.
Nissha Co.,Ltd., is a Japan-based company mainly engaged in the planning, development, production and sale of industrial materials, devices, medical technology, information and communication and others. It operates through four business segments. Industrial Materials segment produces and sells decorative films, molds, molded product and metallized paper. Device segment is engaged in manufacture and sale of film touch sensors, gas sensors and input devices. Medical Technology segment is engaged in the production and sale of medical electrodes and surgical instruments for medical institutions, and the contract manufacturing for medical device manufacturers. Information Communication segment is involved in the planning, production and sale of products and services such as publication printing, commercial printing, art solutions, and sales promotions. It is also engaged in the business of green space management, industrial waste separation collection and transportation, and security.
NISSHA CO., LTD. 
