Ichikawa Co., Ltd. announces an Equity Buyback for 150,000 shares, representing 3.41% for ¥272.25 million.
June 14, 2024 at 03:00 am
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Ichikawa Co., Ltd. (TSE:3513) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 3.41% of its issued share capital (excluding treasury stock), for a total purchase price of ¥272.25 million. The shares will be repurchased at a price of ¥1,815 per share.
The purpose of the program is to improve capital efficiency and further return profits to shareholders, as well as to implement a flexible capital policy that can respond to future changes in the business environment. As of March 31, 2024, the company had 4,398,828 issued shares (excluding treasury stock) and 568,323 treasury shares.
ICHIKAWA CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of paper making products and industrial products. The Company operates through five business segments. The Paper Making Product (Japan, the Americans, Europe, and China) segment is mainly engaged in the manufacture and sale of paper making felts, paper making belts and slate felts. The Company distributes its products within the domestic market and to overseas markets, including the Americas, Europe and China. The Industrial Product segment is mainly engaged in the manufacture and sale of industrial felts and related industrial products. The Company is also engaged in the warehouse business.
ICHIKAWA CO., LTD. 
