Itoki Corporation announces an Equity Buyback for 480,000 shares, representing 1.05% for ¥166.08 million.
October 26, 2020 at 07:00 am
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Itoki Corporation (TSE:7972)[Company Name] announces a share repurchase program. Under the program, the company will repurchase 480,000 shares, representing 1.05% of its share capital, at ¥346 per share for ¥166.08 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment. As of September 30, 2020, the company had 45,581,233 shares outstanding (excluding treasury shares) and 83,204 shares in treasury.
ITOKI CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of office furniture. The Company operates in two business segments. The Office Related segment is engaged in the manufacture and sale of workstations, tables, desk accessories and other office desks, office chairs, meeting chairs, system storage furniture, lockers and other storage furniture. It also provides project management (PM) services, including the repair, assembly and construction of offices, maintenance services and relocation services, as well as the maintenance, rental and recycling of office furniture. The Equipment segment is engaged in the manufacture and sale of storage shelves, office security equipment, building partitions, logistics equipment, commercial equipment, research equipment, powder equipment and others, as well as the provision of building materials and interior works. The Company is also engaged in the provision of household furniture, and the development of software.
ITOKI CORPORATION 
