Koike Sanso Kogyo Co., Ltd.'s Equity Buyback in the amount of ¥95.04 mm has expired
August 07, 2012 at 12:00 am EDT
Share
The Board of Directors of Koike Sanso Kogyo Co., Ltd. (TSE:6137) authorized a share repurchase program on August 6, 2012. Under the program, the company will repurchase 480,000, shares, representing 1.15% of its total outstanding shares, for ¥95.04 million. The company will pay ¥198 per share, which is the closing price of the company shares on August 6, 2012. The repurchases will be made in purchase consignment in the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3) in accordance with the provision of articles of incorporation from the regulations of Article 165 Clause 2 of the Company Law. The company is buying back its shares to implement a flexible capital policy corresponding to changes in the business environment. The shares will be repurchased on August 7, 2012. As of June 30, 2012, the company had 41,876,682 shares outstanding and held 3,352,650 shares in treasury.
Koike Sanso Kogyo Co., Ltd.'s share repurchase program expired on August 7, 2012. Under the program, the company repurchased 450,000 shares, representing 1.08% of its shares, for ¥89.1 million.
KOIKE SANSO KOGYO CO., LTD. is Japan-based company mainly engaged in the manufacture, purchase and sale of machinery and equipment, high-pressure gas and welding equipment. The Company operates in three business segments. The Machinery and Equipment segment is involved in the manufacture and sale of middle and large-sized cutting machinery automatic gas cutting machines, gas fusing equipment, as well as welding machines. The High-pressure Gas segment is involved in the manufacture, purchase and sale of industrial and medical gases. The Welding Equipment segment involves in the manufacture, purchase and sale of welding rods, electrical welding machines and safety protection equipment. The Company also manufactures, purchases and sells combustion-type exhaust gas treatment equipment and helium liquefaction equipment.