Komaihaltec Inc. announces an Equity Buyback for 153,000 shares, representing 3.13% for ¥367.2 million.
May 19, 2017 at 03:29 am EDT
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Komaihaltec Inc. (TSE:5915) announces a share repurchase program. Under the program, the company will repurchase 153,000 shares, representing 3.13% of outstanding share capital, for a total consideration of ¥367.2 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 expire on May 31, 2017. As of March 31, 2017, the company had 4,886,301 shares outstanding and 86,408 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. 