Chugai Ro Co., Ltd. announces an Equity Buyback for 130,000 shares, representing 1.75% for ¥310 million.
April 30, 2024 at 12:00 am EDT
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Chugai Ro Co., Ltd. (TSE:1964) announces a share repurchase program. Under the program, the company will repurchase up to 130,000 shares, representing 1.75% of its issued share capital (excluding treasury stock), for a total purchase price of ¥310 million. The purpose of the program is to enable the implementation of flexible capital policies in response to changes in the business environment.
The program will be valid till July 29, 2024. As of April 30, 2024, the company had 7,433,197 shares outstanding (excluding treasury shares) and 366,803 shares in its treasury.
Chugai Ro Co., Ltd. is a manufacturing company primarily engaged in energy area. The Company operates in three segments. The Energy segment designs, manufactures, constructs and sells furnaces, metal process lines, solar cell manufacturing equipment, automobiles and machinery parts heat treatment furnaces, various industrial burners and energy-saving control equipment. The Information and Communications segment designs, manufactures, constructs and sells manufacturing equipment for displays, touch panels, vacuum deposition equipment and others. The Environment segment offers air purification equipment and biomass energy using equipment.