Takara Standard Co.,Ltd. announces an Equity Buyback for 2,400,000 shares, representing 3.28% for Ñ3,600 million.
August 02, 2022 at 09:00 am
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Takara Standard Co.,Ltd. (TSE:7981) announces a share repurchase program. Under the program, the company will repurchase up to 2,400,000 shares, representing 3.28% of its issued share capital for Ñ3,600 million. The purpose of the program is improvement of capital efficiency and further enhancement of shareholder return.
The repurchased shares will be retired. The program will expire on February 24, 2023. As of June 30, 2022, the company had 73,137,677 number of shares issued (excluding treasury shares) and 799,517 treasury shares.
TAKARA STANDARD CO., LTD. is a Japan-based company manufacturing and selling household equipment. The Kitchen Equipment division offers enameled and wooden system kitchens, kitchen sets, hollow kitchen panels, heating equipment and range hood storage equipment. The Bathroom Equipment division provides enameled and wooden bathroom vanities, sink units and enameled side panels. The Bathtub Equipment division provides system bathrooms, enameled bathtubs, color stainless steel bathtubs and artificial marble bathtubs and others. The Hot Water Supply Equipment division offers electric water heaters, gas and oil water heater, among others. The Sanitation Equipment division provides residential toilet, hand wash basin, various storage devices and others. The Others division provides other housing equipment, industrial kitchens, enameled wall-covering materials, moldings and others.
TAKARA STANDARD CO.,LTD. 
