Lobtex Co., Ltd. announces an Equity Buyback for 70,000 shares, representing 0.75% for ¥15.75 million.
August 08, 2017 at 08:45 am
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Lobtex Co., Ltd. (TSE:5969) announces a share repurchase program. Under the program, the company will repurchase 70,000 shares, representing 0.75% of the outstanding shares, at ¥225 per share for ¥15.75 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. As of June 30, 2017, the company had 9,379,769 shares outstanding and 620,231 shares in treasury.
LOBTEX CO., LTD. is a Japan-based company mainly engaged in the metal products business and leisure business. The Company operates through two business segments. The Metal Products segment manufactures and sells work tools, fastening tools, industrial fasteners, electrical installation tools, cutting tools and others. The Leisure segment is involved in the leasing and operation of golf driving range. The Companyâs main products include strippers, hand punchers, wrenches, pliers, horsaws, tiles and others.
LOBTEX CO., LTD. 
