Chugokukogyo Co.,Ltd. announces an Equity Buyback for 50,000 shares, representing 1.52% for ¥25 million.
March 10, 2020 at 09:00 pm EDT
Share
Chugokukogyo Co.,Ltd. (TSE:5974) announces a share repurchase program. Under the program, the company will repurchase 50,000 shares, representing 1.52% of its share capital, for ¥25 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment and improve capital efficiency. The program will run until September 30, 2020. As of February 29, 2020, the company had 3,297,243 shares outstanding (excluding treasury shares) and 122,757 shares in treasury.
CHUGOKUKOGYO CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of high-pressure gas containers, liquefied petroleum (LP) gas storage tanks and equipment, steel structure equipment products and facility equipment products. The Company operates through four business segments. The High-Pressure Equipment segment manufactures and sells high-pressure gas containers, LP gas equipment, LP gas storage tanks and other high-pressure gas storage tanks, as well as designs and constructs high-pressure gas-related equipment. The Steel Structure Equipment segment manufactures and sells inner covers and other various steel structure products for steel manufacturers. The Facility Equipment segment manufactures and sells feed tanks and containers, wastewater treatment equipment, livestock machinery, chemical tanks, deodorizers and various other reinforced plastic (FRP) products. The Transportation segment includes general area freight forwarding, moving and warehousing.
CHUGOKUKOGYO CO.,LTD. 
