Kensoh Co.,Ltd. announces an Equity Buyback for 130,000 shares, representing 3.38% for ¥52 million.
May 19, 2017 at 03:30 am EDT
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Kensoh Co.,Ltd. (JASDAQ:7939) announces a share repurchase program. Under the program, the company will repurchase 130,000 shares, representing 3.38% of the outstanding shares, at ¥400 per share for ¥52 million. Shares will be repurchased through the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. As of May 17, 2017, the company had 3,844,579 shares outstanding and 178,195 shares in treasury.
KENSOH CO.,LTD. is a Japan-based company primarily engaged in the manufacture and sale of sign products. The Company is engaged in the provision of letter sign products, light-emitting diode (LED) units, phosphorescent sign products, exterior sign products, interior sign products, digital sign products, barrier-free related sign products, sign system order sign products and others. The Company is also engaged in the holding, management and operation of securities.