Joyful Honda Co., Ltd. announces an Equity Buyback for 2,500,000 shares, representing 3.76% for ¥2,500 million.
June 06, 2022 at 07:00 am
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Joyful Honda Co., Ltd. (TSE:3191) announces a share repurchase program. Under the program, the company will repurchase up to 2,500,000 shares, representing 3.76% of its issued share capital for ¥2,500 million. The purpose of the program is increasing capital efficiency and increasing earnings per share.
The program is valid till December 20, 2022. As of May 20, 2022, the company had 66,510,271 shares issued (excluding treasury stock) and 3,500,600 shares in treasury.
Joyful Honda Co Ltd is engaged in the sales of housing products including materials and professional supplies, interior and living products, and garden and farm products, the design and construction of renovation work and the sales of related products, and the sales of living products including daily necessities, pets and leisure products. The Company operates home center business and housing renovation business. The stores include large-scale retail stores and specialty retail stores. The products include material and professional supplies such as lumber, construction materials, paints, tools, hardware, work supplies and electrical parts, daily necessities such as everyday consumables, sanitary products, medicines, health care products, beverages and alcoholic beverages, garden and farm products such as flower seedlings, vegetable seedlings, plants, culture soil, fertilizer, bricks and paving stones, interior and living products such as floors, walls, windows, furniture and others.