Nifco Inc. announces an Equity Buyback for 320,000 shares, representing 0.32% for ?1,000 million.
December 02, 2021 at 01:00 am EST
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Nifco Inc. (TSE:7988) announces a share repurchase program. Under the program, the company will repurchase up to 320,000 shares, representing 0.32% of its issued share capital (excluding treasury stock), for a total purchase price of ?1,000 million. The purpose of the program is to improve capital efficiency and enable flexible fiscal policy according to the business environment. The program will continue through January 5, 2022. As of November 30, 2021, the company had 101,214,838 issued shares (excluding treasury stock) and 6,294,116 treasury shares.
NIFCO INC. is a Japan-based manufacturing company primarily engaged in synthetic resin business. The Company operates in three business segments. The Molded Synthetic Resin segment manufactures and sells industrial plastics, fasteners, plastic precision molding components and molds. The Bed and Furniture segment is engaged in the production and sale of beds, as well as the import and sale of furniture. The Others segment is engaged in the purchase of accounts receivables and other businesses.
NIFCO INC. 
