Hikari Business Form Co., Ltd. announces an Equity Buyback for 50,000 shares, representing 0.86% for ¥23 million.
March 05, 2021 at 08:00 am
Share
Hikari Business Form Co., Ltd. (JASDAQ:3948) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 0.86% of its issued capital for ¥23 million. The shares will be repurchased at a price of ¥460 per share. The purpose of the program is to allocate treasury stock as restricted stock to directors and to implement agile capital policies in response to changes in the business environment to improve capital efficiency. The program will expire on March 8, 2021. As of December 31, 2020, the company had 5,782,028 shares in issue and 33,266 shares in treasury.
HIKARI BUSINESS FORM CO., LTD. is a Japan-based company mainly engaged in manufacture and sale of business forms and the provision of data printing services. The Company provides two kinds of services. The printing business is engaged in the provision of continuous forms, sheet forms, applied paper, unified vouchers, envelopes, brochures and data print services. Other business is engaged in the sale of supplies and equipment, and information processing related system development.
HIKARI BUSINESS FORM CO., LTD. 
