Saftec Co.,Ltd. announces an Equity Buyback for 250,000 shares, representing 5.01% for ¥91.25 million.
November 14, 2016 at 02:54 am EST
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Saftec Co.,Ltd. (JASDAQ:7464) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 5.01% stake for ¥365 per share for a total of ¥91.3 million. The shares will be repurchased through the off-auction own share repurchase method (ToSTNeT-3). The company will repurchase its shares in order to improve capital efficiency and shareholder returns through the implementation of a flexible capital policy which responds to changes in the business environment. As of October 31, 2016, the company had 4,991,407 shares outstanding excluding treasury shares, and 8,593 shares in treasury.
SAFTEC CO.,LTD. is a Japan-based company mainly engaged in the manufacture, sale and rental of security products for civil engineering construction. The Company is mainly engaged in the manufacture, sale and rental of signs and signboards, safety equipment and materials, security and warning signs, as well as safety and disaster prevention products, including arrow boards, traffic signs, lightning signs, bulletin boards, barricades, guard fences, color fences, construction gates, traffic lights, rotating lights, color cones, cone bars, cone weights, safety vests, safety shoes, safety nets, fire extinguishers, surveying instruments, paints and ladders. The Company is engaged in the provision of direct sale service for end user, wholesale service through agent, as well as rental service for short-term user.
SAFTEC CO.,LTD. 
