Yamazen Corporation announces an Equity Buyback for 10,000,000 shares, representing 10.58% for ¥6,000 million.
April 14, 2021 at 03:15 am EDT
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Yamazen Corporation (TSE:8051) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares, representing 10.58% of its issued share capital (excluding treasury stock), for a total purchase price of ¥6,000 million. The purpose of the program is to promote the reduction of strategically held shares, implement agile capital policies in response to changes in the business environment, improve capital efficiency, and return profits to shareholders. The program will be valid till March 31, 2022. As of April 14, 2021, the company has 94,547,440 issued shares (excluding treasury stock) and 757,995 treasury shares.
YAMAZEN CORPORATION is a Japan-based company engaged in the sale of production goods, home building materials and household equipment products. The Company operates in three business segments. The Production Goods segment provides the machinery business and kiko business. The machinery business is engaged in the sale, import and export of machine tools, forging and sheet metal machines, machine tool peripherals. The kiko business is engaged in the sale, import and export of materials handling, mechatronics, environmental improvement equipment, cutting tools, steel processing machinery, air conditioning equipment. The Housing segment is engaged in the sale of kitchen appliances, cooking appliances, bathroom appliances, wash basins. The Household Equipment segment is engaged in the plan, development and sale of home appliances, interior goods, leisure and sports goods, pet supplies, gardening goods. The Company also provides event planning, travel mediation, storage business.
YAMAZEN CORPORATION 
