Nihon Isk Co.,Ltd. announces an Equity Buyback for 3,000 shares, representing 0.17% for ¥4.25 million.
September 29, 2021 at 03:30 am EDT
Share
Nihon Isk Co.,Ltd. (JASDAQ:7986) announces a share repurchase program. Under the program, the company will repurchase up to 3,000 shares, representing 0.17% of its issued share capital (excluding treasury stock), at ¥1,418 per share, for ¥4.25 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until September 30, 2021. As of August 31, 2021, the company had 1,716,530 shares outstanding and 59,470 shares in treasury.
NIHON ISK CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of steel products, archive lockers, dental equipment, and leasing of buildings. The Company operates through five business segments. The Archive Locker-related segment is engaged in the manufacture and sale of archive lockers. The Dental segment is engaged in the purchase and sale of dental equipment. The Steel Products-related segment is engaged in the manufacture and sale of fireproof safes, and the purchase and sale of portable safes. The Real Estate Leasing segment is engaged in the leasing of buildings. The Office Automation (OA) Floor-related segment is engaged in the manufacture and sale of OA floors. It also sells tools.
NIHON ISK CO.,LTD. 
