KIMURA KOHKI Co.,Ltd. announces an Equity Buyback for 50,000 shares, representing 1.33% for ?120 million.
November 12, 2021 at 01:30 am EST
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KIMURA KOHKI Co.,Ltd. (TSE:6231) announces a share repurchase program. Under the program, the company will repurchase 50,000 shares, representing 1.33% of the outstanding shares for ?120 million. The purpose of the program is to carry out agile capital policies according to the business environment. The program will run until March 24, 2021. As of October 31, 2021, the company had 3,750,375 shares in issue and 98,625 shares in treasury.
KIMURA KOHKI CO.,LTD is engaged in the manufacture and sale of air conditioning equipment and other related works. The Company operates the development, manufacturing and sales of air conditioning system equipment business. The main products are air handling units, fan coil units, and factory zone air conditioners. The air handling unit is a device that separately provides a heat source device necessary for cooling and heating, and cools and heats air using water and a refrigerant gas as a heat medium. The fan coil unit is a device provided with a separate heat source device necessary for cooling and heating, and performs cooling and heating using cold water, hot water, steam and others. The factory zone air conditioner is a device for air conditioning a relatively large space such as a factory or a hall.
KIMURA KOHKI CO.,LTD. 
