Japan Foundation Engineering Co., Ltd. announces an Equity Buyback for 2,000,000 shares, representing 7.49% for ¥900 million.
March 06, 2020 at 12:00 am EST
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Japan Foundation Engineering Co., Ltd. (TSE:1914) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 shares, representing 7.49% of its share capital, for ¥900 million. The company will repurchase its shares in order to improve capital efficiency, return profits to shareholders, and implement a flexible capital policy in response to changes in the business environment. The program will run until March 8, 2021. As of March 6, 2020, the company had 26,716,535 shares outstanding (excluding treasury shares) and 4,129,865 shares in treasury.
JAPAN FOUNDATION ENGINEERING CO., LTD. is a Japan-based company mainly engaged in the construction business. The Company is engaged in the slope protection works, dam foundation works, anchor works, heavy machinery works, infusion works, maintenance and repair works, environmental protection works and related business. The Company is also engaged in the provision of construction consulting and geological survey services, the maintenance and operation of dam facilities, the provision of measurement, analysis, survey and design services for general civil engineering works, and the system construction business.
JAPAN FOUNDATION ENGINEERING CO., LTD. 