Taisei Oncho Co., Ltd. announces an Equity Buyback for 640,000 shares, representing 9.88% for ¥3,100 million.
February 28, 2024 at 01:00 am EST
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Taisei Oncho Co., Ltd. (TSE:1904) announces a share repurchase program. Under the program, the company will repurchase up to 640,000 shares, representing 9.88% for ¥101.35 million. The purpose of the program is to improve capital efficiency and respond to changes in the business environment as part of a flexible capital policy.
The program will expire on March 8, 2024. As of February 28, 2024, the company had 6,477,847 shares issued (excluding treasury shares) and 404,640 treasury shares.
TAISEI ONCHO CO., LTD. is a Japan-based company mainly engaged in the equipment construction business. The Company operates in six regional segments. The equipment construction business is engaged in the design, manufacture and contracted construction of air conditioners, plumbing and sanitation equipment, constant temperature and humidity equipment, dehumidifiers, heat exchange systems, freezing and refrigeration equipment. The real estate rental business is engaged in the leasing of land and buildings for commercial use and residential use. The others business is engaged in the sale of air conditioners and others, as well as the solar power generation business. The Company operates within the domestic market and to overseas markets, including USA, China, India, Philippines and Australia. The Company also operates in Vietnam.
TAISEI ONCHO CO., LTD. 
