Kimoto Co., Ltd. announces an Equity Buyback for 1,000,000 shares, representing 1.99% for ¥400 million.
July 23, 2018 at 08:00 am
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Kimoto Co., Ltd. (TSE:7908) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 1.99% of its share capital, for ¥400 million. The company will repurchase its shares in order to enhance shareholder returns and improve capital efficiency. The share repurchase program will run until October 31, 2018. As of June 30, 2018, the company had 50,150,446 shares outstanding (excluding treasury shares) and 4,622,118 shares in treasury.
KIMOTO CO., LTD. is a manufacturer of films. The Company has four segments, including Japan, North America, East Asia and Europe. Through its segments, it is involved in the development of processing technologies for surface treatment on films, the manufacture and sale of various industrial materials, the sale of geographic information system (GIS)-related software, the provision of outsourced data processing services, as well as the contracting business of aerial photograph processing and duplication of drawings.
KIMOTO CO., LTD. 
