Takara Standard Co.,Ltd. announces an Equity Buyback for 2,375,000 shares, representing 3.38% for ¥3,800 million.
May 11, 2023 at 12:30 am
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Takara Standard Co.,Ltd. (TSE:7981) announces a share repurchase program. Under the program, the company will repurchase up to 2,375,000 shares, representing 3.38% of its total shares outstanding (excluding treasury shares), for a total of ¥3,800 million. The purpose of repurchase program is to improve capital efficiency and enhance shareholder returns.
The repurchase program is valid till February 22, 2024. As of March 31, 2023, the company had 70,358,447 shares outstanding (excluding treasury shares) and had 9,747 shares in treasury.
TAKARA STANDARD CO., LTD. is a Japan-based company manufacturing and selling household equipment. The Kitchen Equipment division offers enameled and wooden system kitchens, kitchen sets, hollow kitchen panels, heating equipment and range hood storage equipment. The Bathroom Equipment division provides enameled and wooden bathroom vanities, sink units and enameled side panels. The Bathtub Equipment division provides system bathrooms, enameled bathtubs, color stainless steel bathtubs and artificial marble bathtubs and others. The Hot Water Supply Equipment division offers electric water heaters, gas and oil water heater, among others. The Sanitation Equipment division provides residential toilet, hand wash basin, various storage devices and others. The Others division provides other housing equipment, industrial kitchens, enameled wall-covering materials, moldings and others.
TAKARA STANDARD CO.,LTD. 
