Komaihaltec Inc. announces an Equity Buyback for 13,000 shares, representing 0.28% for ¥39 million.
February 13, 2018 at 01:00 am EST
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Komaihaltec Inc. (TSE:5915) announces a share repurchase program. Under the program, the company will repurchase 13,000 shares, representing 0.28% of the outstanding shares for ¥39 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. The program will run until February 28, 2018. As of December 31, 2017, the company had 4,724,638 shares outstanding and 247,672 shares in treasury.
Komaihaltec Inc is a Japan-based company engaged in design, manufacture, construction and maintenance of bridges, steel frames, towers and other steel structures. It is also engaged in the design, manufacture, installation, and sales of construction and transport equipment, and the planning, design, construction, supervision, and consulting services for construction work. The Company operates through three business segments. The Steel Frame segment is engaged in the design, manufacture and construction of high-rise buildings and steel structures, as well as the design, manufacture, installation, and sale of various types of construction equipment. The Bridge segment is engaged in the design, manufacture, erection, maintenance and inspection of steel bridges. The Real Estate segment is engaged in the rental of the Osaka office unused areas in Nishiyodogawa-ku, Osaka. It is also engaged in wind power generation, overseas business centered on infrastructure, and printing business.
KOMAIHALTEC INC. 
