Saftec Co.,Ltd. announces an Equity Buyback for 40,000 shares, representing 8.36% for ¥316.4 million.
May 10, 2023 at 03:30 am EDT
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Saftec Co.,Ltd. (TSE:7464) announces a share repurchase program. Under the program, the company will repurchase up to 40,000 shares, representing 8.36% of its issued share capital (excluding treasury stock), for ¥316.4 million. The shares will be repurchased at a price of ¥7,910 per share.
The purpose of the program is to execute a flexible capital policy that responds to changes in the business environment, improve capital efficiency, and increase shareholder returns. As of March 31, 2023, the company had 478,638 issued shares (excluding treasury stock) and 21,362 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. 
