Tranche Update on Shimojima Co., Ltd.'s Equity Buyback Plan announced on November 1, 2018.
March 25, 2019 at 02:00 am EDT
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From January 1, 2019 to March 22, 2019, the company has repurchased 133,600 shares, representing 0.57% for ¥150.19 million. With this, the company has completed the repurchase of 214,700 shares, representing 0.92% for ¥237.78 million under the buyback announced on November 1, 2018.
Shimojima Co Ltd is a Japan-based company principally engaged in the purchase and sale of packing materials such as paper bags, wrapping paper/cartons, plastic bags, adhesive tapes, strings/ribbons, and store supplies. The Company operates through three segments. The Paper Products segment is engaged in the sale of original brand products including paper bags, wrapping paper and paper containers. The Chemical Products and Packaging Materials segment is engaged in the sale of chemical products such as polyethylene bags and polypropylene (PP) bags, as well as adhesive tapes, food packaging materials and string ribbons. The Store Supplies segment is engaged in the sale of horticultural-related materials, and apparel-related materials including office supplies, store supplies, daily necessities, foodstuffs, as well as hangers that are handled by subsidiaries. The Company is also engaged in logistics business.