Kyokuto Boeki Kaisha, Ltd. announces an Equity Buyback for 500,000 shares, representing 1.55% for ¥237.5 million.
February 09, 2018 at 03:00 am EST
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Kyokuto Boeki Kaisha, Ltd. (TSE:8093) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 1.55% of its share capital, at ¥475 per share for ¥237.5 million. The company will repurchase its shares in order to improve capital efficiency, implement a flexible capital policy which responds to changes in the business environment, and further enhance shareholder returns. As of December 31, 2017, the company had 32,309,355 shares outstanding (excluding treasury shares) and 170,237 shares in treasury.
Kyokuto Boeki Kaisha, Ltd. is a Japan-based company engaged in the trading business. The Basic Industry Related division provides machinery and equipment for steel, nonferrous metals, automobile, chemicals, shipbuilding and plant engineering industries, electrical machinery, oil drilling related equipment and resources development equipment. The Electronics and Control System Related division offers electronic components and equipment, software, instrumentation and control systems, image processors, ground support electronic equipment and navigation equipment, as well as automatic control devices for thermal power stations. The Industrial Materials division provides combined material manufacturing machinery, as well as machines for textile processing, meat processing, resin finishing, coating, measurement and analysis, among others. As of March 31, 2014, the Company had 11 subsidiaries and eight associated companies.
KYOKUTO BOEKI KAISHA, LTD. 