JK Holdings Co., Ltd. announces an Equity Buyback for 1,650,000 shares, representing 5.53% for ¥1,894.2 million.
March 07, 2023 at 02:15 am
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JK Holdings Co., Ltd. (TSE:9896) announces a share repurchase program. Under the program, the company will repurchase up to 1,650,000 shares, representing 5.53% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,894.20 million. The shares will be repurchased at a price of ¥1,148 per share.
The purpose of the program is to execute a flexible capital policy that responds to changes in the business environment, improve capital efficiency, and enhance shareholder returns. As of September 30, 2022, the company has 29,827,931 issued shares (excluding treasury stock) and 2,012,085 treasury shares.
JK Holdings Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of plywood, the processing and sale of wood, and the wholesale and retail of plywood, plywood secondary products, building materials and housing equipment. The Company has three business segments. The General Building Material Wholesale segment is mainly engaged in the wholesale of plywood, plywood secondary products, building materials and housing equipment. The Plywood Manufacturing and Wood Processing segment is mainly engaged in the manufacture and sale of structural plywood, long plywood, laminated wood and assembled processed products, and the processing and sale of wood. The General Building Material Retail segment is mainly engaged in the retail of plywood, plywood secondary products, building materials and housing equipment. The Company is also engaged in the franchise, real estate leasing, warehouse, transportation, construction and travel business, and the insurance agency business.
JK HOLDINGS CO., LTD. 