Watt Mann Co., Ltd. announces an Equity Buyback for 129,500 shares, representing 11.84% for ¥348.1 million.
July 14, 2021 at 08:30 am
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Watt Mann Co., Ltd. (JASDAQ:9927) announces a share repurchase program. Under the program, the company will repurchase up to 129,500 shares, representing 11.84% for ¥348.1 million. The shares will be repurchased at a price of ¥2,688 per share. The purpose of the program is to improve the corporate value of the company and further work with shareholders. The program is valid till July 15, 2021. As of March 31, 2021, the company had 1,136,854 shares and 43,290 treasury shares.
WATT MANN CO., LTD. is a Japan-based company mainly engaged in the reuse business. The Company operates in Kanagawa Prefecture. The Company purchases and cleans reuse products, and then sells them to consumers. Products are personal computers (PCs), refrigerators and musical instruments, clothes and bags, books, videotapes, compact discs (CDs), game software, and digital versatile discs (DVDs), premium audio and road bikes.