Imura Envelope Co., Inc. announces an Equity Buyback for 200,000 shares, representing 1.98% for ¥100 million.
March 16, 2020 at 02:00 am EDT
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Imura Envelope Co., Inc. (TSE:3955) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 1.98% of its share capital, for ¥100 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, improve capital efficiency and enhance shareholder returns. The program will run until March 22, 2021. As of March 13, 2020, the company had 10,116,941 shares outstanding (excluding treasury shares) and 612,429 shares in treasury.
Imura & Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of various envelopes, and the delivery agency for direct mail. The Company operates through two business segments. The Package Solution segment manufactures and sells various types of envelopes, including long envelopes, square envelopes, western envelopes, window envelope and nonwoven fabric envelopes, and landscaping materials. The Mailing Service segment engages in direct mail planning, production, and delivery services, booklets and various promotional products enclosing, packing and delivery agency services, customer list management, data printing services, media matching and campaign secretariat, and logistic services. The Company also engages in the sale of computers and peripherals, the development of software, manufacture and sale of printed materials and goods for medical institutions, automatic control devices and electronic circuits for machinery and equipment.
IMURA & CO.,LTD. 
