Kimoto Co., Ltd. announces an Equity Buyback for 1,000,000 shares, representing 2.08% for ¥250 million.
November 06, 2020 at 02:00 am
Share
Kimoto Co., Ltd. (TSE:7908) announces an share repurchase program. Under the program the company will repurchase 1,000,000 shares, representing 2.08% of the outstanding shares for ¥250 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will run until February 26, 2021. As of September 30, 2020, the company had 48,150,446 shares outstanding and 6,622,118 shares in treasury.
KIMOTO CO., LTD. is a manufacturer of films. The Company has four segments, including Japan, North America, East Asia and Europe. Through its segments, it is involved in the development of processing technologies for surface treatment on films, the manufacture and sale of various industrial materials, the sale of geographic information system (GIS)-related software, the provision of outsourced data processing services, as well as the contracting business of aerial photograph processing and duplication of drawings.
KIMOTO CO., LTD. 