Inaba Seisakusho Co., Ltd. announces an Equity Buyback for 1,300,000 shares, representing 7.35% for ¥1,783.6 million.
September 23, 2020 at 03:00 am EDT
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Inaba Seisakusho Co., Ltd. (TSE:3421) announces an share repurchase program. Under the program the company will repurchase 1,300,000 shares, representing 7.35% of the outstanding shares, at ¥1,372 per share for ¥1,783.6 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment, and to improve shareholder returns and capital efficiency. As of August 31, 2020, the company had 17,692,693 shares outstanding and 229,736 shares in treasury.
INABA SEISAKUSHO Co., Ltd. is a Japan-based company engaged in the manufacture and sale of steel storage products and office furniture. The Company operates through two business segments. The Steel Storage Products segment is engaged in the manufacture and sale of storage products, garages, warehouses, bike racks and others, as well as the sale of rental storage products and partitions for trunk rooms. The Office Furniture segment is engaged in the manufacture and sale of desks, chairs, wall storage products and others. The Company is also engaged in the distribution center business, the logistics and installation business.
INABA SEISAKUSHO CO., LTD. 
