France Bed Holdings Co.,Ltd. announces an Equity Buyback for 550,000 shares, representing 1.49% for ?500 million.
November 30, 2021 at 07:00 am
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France Bed Holdings Co.,Ltd. (TSE:7840) announces a share repurchase program. Under the program, the company will repurchase up to 550,000 shares, representing 1.49% of its issued share capital (excluding treasury stock), for a total purchase price of ?500 million. The purpose of the program is to improve capital efficiency and shareholder returns. The program will continue through February 28, 2022. As of September 30, 2021, the company has 36,992,966 issued shares (excluding treasury stock) and 4,404,534 treasury shares.
France Bed Holdings Co Ltd is a Japan-based company mainly engaged in medical service business and interior healthy business. The Company operates through two business segments. The Medical Service segment is engaged in manufacturing, purchase, leasing, retail and wholesale of nursing beds and welfare equipment, as well as linen supply for hospitals and hotels. The Interior Healthy segment is engaged in manufacturing, purchase and wholesale of bed, furniture, bedroom product and healthcare equipment, as well as the door-to-door selling, advertising and exhibition operation. The Company is also involved in the real estate leasing business.
FRANCE BED HOLDINGS CO.,LTD. 
