Daihatsu Diesel Mfg. Co., Ltd. announces an Equity Buyback for 80,000 shares, representing 0.25% for ¥37.68 million.
May 21, 2021 at 03:00 am EDT
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Daihatsu Diesel Mfg. Co., Ltd. (TSE:6023) announces a share repurchase program. Under the program, the company will repurchase up to 80,000 shares, representing 0.25% of its issued share capital (excluding treasury stock), for a total purchase price of ¥37.68 million. The shares will be repurchased at a price of ¥471 per share. The purpose of the program is to improve capital efficiency and implement agile capital policies in response to changes in the business environment. The program will be valid till May 24, 2021. As of April 30, 2021, the company had 31,759,065 issued shares (excluding treasury stock) and 90,935 treasury shares.
DAIHATSU DIESEL MFG. CO., LTD. is a Japan-based company engaged in the manufacturing and sales of internal combustion engines and industrial machines, as well as the leasing of real estate properties. The Company operates through two business segments. The Marine Engine Related Business segment is engaged in the sales of marine diesel engines, land diesel engines, gas turbines and related parts. The Land Engine segment is engaged in the provision of information processing service, transportation service, warehousing service, contracted design service, manufacturing and sales business and after services. The other business is engaged in the industrial equipment related business, real estate leasing related business and power distribution related business.