Komori : Announcement of Determination of Matters Pertaining to Purchase of Treasury Stock
May 17, 2023 at 04:30 am
Share
May 15, 2023
Name of company:
Komori Corporation
Representative:
Mr. Satoshi Mochida
Representative Director, President and CEO
Securities code:
6349 (Prime Market, Tokyo Stock Exchange）
Contact:
Mr. Iwao Hashimoto
Director, Senior Operating Officer
Phone: (81)-3-5608-7826
Announcement of Determination of Matters Pertaining to Purchase of Treasury Stock
（Purchase of treasury stock pursuant to the provisions of Article 459, Paragraph 1 of the Companies Act）
Komori Corporation (hereunder the "Company") hereby announces that it resolved at a meeting of the Board of Directors held on today, to purchase treasury stock pursuant to the provisions of Article 459, Paragraph 1 of the Companies Act as described below.
1. Reasons for the purchase of treasury stock
The Company will purchase treasury stock in order to implement a flexible capital policy and to improve shareholder return and capital efficiency.
2. Details of matters pertaining to the purchase of treasury stock
(1)
Class of shares to be purchased
Common stock of the Company
(2)
Total number of shares to be
1,500,000 shares (at maximum)
purchased
(2.73% of the total number of shares outstanding [excluding
treasury stock])
(3)
Total amount of purchase cost
Japanese Yen 1.5 billion (at maximum)
(4)
Purchase period
From May 16, 2023 through January 31, 2024
3. Other information
All treasury stock to be acquired this time will be canceled after acquisition, and the Company will announce the timing of cancellation as soon as it is decided.
（Reference） Treasury Stock holding as of March 31, 2023
Total number of shares outstanding
54,773,760 shares
(excluding treasury stock)
Number of shares of treasury stock
2,116,980 shares
Note: The treasury stock doesn't include 252,000 shares of the Company held by the executive compensation BBT trust.
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Komori Corporation published this content on 17 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 May 2023 08:29:07 UTC.
KOMORI CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of printing equipment, as well as the provision of related materials, finance services and real estate management services. The Company operates in three regional segments. The Japan segment is engaged in the manufacture and sale of securities printing equipment and other printing equipment in Japan, Latin America and Asia, as well as the purchase and sale of small printing equipment, the provision of inks, paper, folding machines, electrical equipment and other equipment parts and printing materials. The North America segment is mainly engaged in the sale of printing equipment in the United States. The Europe segment is mainly engaged in the sale of printing equipment in Western Europe, Eastern Europe and the Middle East, as well as the manufacture and sale of paper printing equipment . The Company also operates in Hong Kong, Taiwan, Singapore, Malaysia and India.
KOMORI CORPORATION 
