SAIBO Co., Ltd. announces an Equity Buyback for 140,000 shares, representing 1.04% for ¥73.92 million.
January 23, 2018 at 01:00 am EST
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SAIBO Co., Ltd. (TSE:3123) announces a share repurchase program. Under the program, the company will repurchase 140,000 shares, representing 1.04% of the outstanding shares, at ¥528 per share for ¥73.92 million. Shares will be repurchased from Saitamakogyo Corporation. As of January 23, 2018, the company had 13,457,114 shares outstanding and 542,886 shares in treasury.
Saibo Co., Ltd. is mainly engaged in the manufacture and sale of textile products, the leasing of real estate properties, as well as the operation of golf ranges. The Company operates in three business segments. The Textile segment manufactures and sells uniforms, clothing, promoting products, rayon yarns, synthetic yarns, hemp fabrics and embroidery lace, as well as yarn gluing. The Real Estate Utilization segment leases commercial facilities and other real estate, as well as operates building maintenance business. The Golf Ranges segment operates golf ranges. The others businesses include the sale of gift products, the sale of automatic watering flower pots and the greening of the houseplant rental business, the interior construction business, the management of Toyota Motor's sales agents, and the repair and maintenance of sheet metal painting for automobiles.
SAIBO CO., LTD. 
