Raito Kogyo Co., Ltd. announces an Equity Buyback for 900,000 shares, representing 1.82% for ¥1,500 million.
February 09, 2023 at 02:00 am EST
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Raito Kogyo Co., Ltd. (TSE:1926) announces a share repurchase program. Under the program, the company will repurchase up to 900,000 shares, representing 1.82% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,500 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency.
The program will continue through May 31, 2023. As of December 31, 2022, the company had 49,462,846 issued shares (excluding treasury stock) and 6,041,604 treasury shares.
RAITO KOGYO CO., LTD. is a company mainly engaged in the operation of construction business. The Construction segment is involved in the civil engineering construction business focusing on slope protection and soil improvement construction works; the provision of contracted construction works, as well as the sale of construction materials. The Others segment is involved in the sale of construction materials; the leasing of automobiles, construction machines and office machines; the management of welfare establishments; the operation of life and non-life insurance agencies, as well as the provision of nursing care services.
RAITO KOGYO CO., LTD. 
