Daiken Co., Ltd. announces an Equity Buyback for 350,000 shares, representing 6.04% for ¥241.5 million.
April 21, 2022 at 08:30 am
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Daiken Co., Ltd. (TSE:5900) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 6.04% of its issued share capital for total worth of ¥241.5 million. The shares will be repurchased at a price of ¥690 per share.
The purpose of the program is to carry out agile capital policies that respond to changes in the business environment. The program will run till April 22, 2022. As of March 31, 2022, the company had 5,797,459 shares in issue (excluding treasury stock) and 173,021 shares in treasury.
DAIKEN CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of building hardware, exterior building materials and exterior products. The Company operates through two business segments. The Building Related Products segment is engaged in the manufacture, sale and installation of exterior building materials, interior building materials, as well as home delivery boxes, door hangers, and household sliding door closers. The Real Estate Rental segment is engaged in the operation of rental apartments for singles and rental stores. Exterior building materials include shades, aluminum drainers, handrails for shades, exterior blindfolded panels. Interior building materials include inspection doors, pits, gratings, stainless steel entrance wiping mats, ceiling lighting louvers, aluminum pipes, curtain rails.
DAIKEN CO.,LTD. 