Komaihaltec Inc. announces an Equity Buyback for 7,600 shares, representing 0.16% for ¥19 million.
June 29, 2017 at 02:00 am EDT
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Komaihaltec Inc. (TSE:5915) announces a share repurchase program. Under the program, the company will repurchase up to 7,600 shares, representing 0.16% of its share capital, for ¥19 million. The company will repurchase its shares in order to improve capital efficiency and implement a flexible capital policy which responds to changes in the business environment. The share repurchase program will run until July 7, 2017. As of May 31, 2017, the company had 4,733,115 shares outstanding (excluding treasury shares) and 239,594 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. 