This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between the English translation and the Japanese original, the original version shall prevail.
November 11, 2021
Company name : Kumagai Gumi Co., Ltd.
Representative : Yasunori Sakurano, President
Securities code : 1861
Stock exchange listings : Tokyo Stock Exchange, 1st Section
Notice Regarding Acquisition of Own Shares
Acquisition of Own share according to the articles of incorporation pursuant to Article 165, Paragraph 2 of the Companies Act of Japan 〕
Kumagai Gumi Co., Ltd. at the meeting of the Board of Directors held today, decided on a policy to acquire own shares totaling 10 billion yen during the current medium-term management plan period(FY2021-2023), and based on this policy, resolved matters related to acquisition of its own shares in accordance with Article 156 of the Companies Act, applicable pursuant to Article 165, 3 of the said Act, in the current fiscal year.
We hereby inform you of the following.
1.Reason for Acquisition of Own Shares
2.Details of the Acquisition
(1) Type of shares to be acquired:
(2)Total number of shares to be acquired:
(3)Total amount of acquisition price:
(4)Period of acquisition::
(5)Method of acquisition:
To enhance shareholder return and to improve capital efficiency
Shares of Common stock
1,800,000 shares (maximum)
(3.9% of the total number of shares outstanding (excluding treasury shares))
4 billion yen (maximum)
November 29, 2021 to March 31, 2022
Market purchases on the Tokyo Stock Exchange
(Reference) Status of holdings of own shares as of October 31, 2021
Total number of shares outstanding (excluding treasury shares):
46,750,082 shares
Number of treasury shares:
55,578 shares
Attachments
Original document
Permalink
Disclaimer
Kumagai Gumi Co. Ltd. published this content on 11 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2021 06:26:28 UTC.
Kumagai Gumi Co Ltd is mainly engaged in the construction business and related business. The Company operates in three business segments. The Civil Works segment is engaged in the investigation, survey, planning, design, supervisor of construction works, and the provision of general engineering. The Construction segment is engaged in the investigation, survey, planning, design, supervisor of construction of apartment houses, offices and government buildings, factories, power stations. The Subsidiaries segment conducts construction business, the manufacture and sale of equipment for construction, and provision of construction technology products.