Shigematsu Works Co., Ltd. announces an Equity Buyback for 60,000 shares, representing 0.84% for ¥41.1 million.
February 06, 2017
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Shigematsu Works Co., Ltd. (JASDAQ:7980) announces a share repurchase program. Under the program, the company will repurchase up to 60,000 shares, representing 0.84% of its share capital, at ¥685 per share for ¥41.1 million in total. The company is repurchasing its shares through the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3). The company will repurchase its shares in order to conduct a flexible capital policy which responds to changes in the business environment. As of January 31, 2017, the company had 7,172,769 shares outstanding (excluding treasury shares), and 27,231 shares in treasury.
SHIGEMATSU WORKS CO.,LTD. is a Japan-based company engaged in the manufacture and sale of occupational safety and health protection equipment. The Company is mainly engaged in the manufacture and sale of various occupational safety and health protection equipment such as respiratory protective equipment with electric fans, dust masks, gas masks, air supply masks, self-contained respirators, evacuation and rescue products, protective clothing, protective gloves, soundproof protective equipment, protective glasses, N95 masks and other products. The Company is also engaged in the agency sale of self-contained respirators, as well as the maintenance, inspection and repair of various protective equipment.
SHIGEMATSU WORKS CO., LTD. 
