Recruit Holdings Co., Ltd. announces an Equity Buyback for 13,000,000 shares, representing 0.77% for ¥53,924 million.
October 02, 2023 at 07:00 am
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Recruit Holdings Co., Ltd. (TSE:6098) announces a share repurchase program. Under the program, the company will repurchase up to 13,000,000 shares, representing 0.77% of its issued share capital, for ¥53,924million. The shares will be repurchased at a price of ¥4,148 per share.
The company intends to utilize its own funds for the offer. The purpose of the program is returning profits to shareholders and to enable the execution of a flexible capital policy that responds to changes in the business environment. The repurchased shares may be used for strategic M&A with the Company?s common stock as consideration, for the delivery of shares upon the exercise of stock acquisition rights, and for stock compensation using the company?s common stock for employees of the Group and its subsidiaries.
The offer is valid till October 31, 2023. As of October 2, 2023, the company had 1,695,960,030 issued shares.
Toppan Inc. (formerly Toppan Printing Co., Ltd.) specializes in printing services. Net sales break down by activity as follows:
- information and communication media printing (57.6%): smart cards, identity authentication systems, commercial forms, labels, booklets, manuals, lottery tickets, brochures, calendars, books, dictionaries, magazines, catalogs, etc.;
- packaging and industrial materials printing (28.2%): food packaging, card boxes, papers, interior decoration materials, etc.;
- manufacturing of electronic materials (14.2%): semiconductors, filters and antireflection for screens films, etc.
Net sales are distributed geographically as follows: Japan (72.1%), Asia (15.9%) and other (12%).
TOPPAN INC. 
