Fuji Kosan Company, Ltd. announces an Equity Buyback for 300,000 shares, representing 3.63% for ¥200 million.
February 06, 2020 at 02:00 am EST
Share
Fuji Kosan Company, Ltd. (TSE:5009) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 3.63% of the outstanding shares for ¥200 million. The purpose of the program is to improve shareholder returns and capital efficiency. The program will run until June 15, 2020. As of January 31, 2020, the company had 8,271,409 shares outstanding and 472,498 shares in treasury.
FUJI KOSAN COMPANY, LTD. is primarily engaged in petroleum related products wholesale business. The Company is also engaged in the home energy business, including residential fuel oil retailing business, environment related business, including rental business of construction machine and mega solar power generation business. The Company operates in four segments. The Petroleum segment is engaged in purchasing and selling fuel oil, asphalt and lubricant oil. The Home Energy segment is engaged in retailing liquefied petroleum gas (LPG), kerosene and other household fuel oil. The Rental segment is engaged in rental business of construction machinery and others. The Environment Related segment is engaged in the sale of electricity and high quality urea water, among others.
FUJI KOSAN COMPANY, LTD. 
