Mitsumura Printing Co., Ltd. announces an Equity Buyback for 40,000 shares, representing 1.29% for ¥100 million.
February 08, 2019 at 07:00 am
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Mitsumura Printing Co., Ltd. (TSE:7916) announces a share repurchase program. Under the program, the company will repurchase 40,000 shares, representing 1.29% of the outstanding shares for ¥100 million. The purpose of the program is to improve shareholder returns and to enable the implementation of a flexible capital policy. The program will run until May 31, 2019. As of January 31, 2019, the company had 3,102,951 shares outstanding and 469 shares in treasury.
MITSUMURA PRINTING CO., LTD. is a Japan-based company principally engaged in printing business, electronic component manufacture business and real estate leasing business. The Company operates in three business segments. Printing segment conducts general printing and newspaper printing. The Segmentâs main products include publications, promotional prints, commercial prints, slips, securities, continuous slips, packaging, cards, newspapers, shopping bags, as well as video productions, among others. Electronic Component Manufacture segment mainly manufactures and sells flat panel display products and etching precision products. Real Estate Leasing segment is engaged in the leasing of office buildings and warehouse ruins, as well as the solar power generation business.