Nihon Trim Co., Ltd. announces an Equity Buyback for 120,000 shares, representing 1.52% for ¥500 million.
March 10, 2020 at 06:30 am
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Nihon Trim Co., Ltd. (TSE:6788) announces a share repurchase program. Under the program, the company will repurchase 120,000 shares, representing 1.52% of its share capital, for ¥500 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. The program will run until September 30, 2020. As of March 10, 2020, the company had 7,895,342 shares outstanding (excluding treasury shares) and 761,438 shares in treasury.
Nihon Trim Co Ltd is a Japan-based company mainly engaged in the manufactures and sale of electrolytic hydrogen water conditioners. The Company operates through two business segments. The water healthcare segment sells health equipment centered on electrolytic hydrogen water conditioners and related accessories. The Medical-related segment include businesses in the medical and preventive medical field and regenerative medicine field.