Tranche Update on Kyokuto Boeki Kaisha, Ltd.'s Equity Buyback Plan announced on August 9, 2019.
January 06, 2020 at 01:00 am EST
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From October 1, 2019 to December 31, 2019, the company has repurchased 157,000 shares, representing 2.48% for ¥316.62 million. With this, the company has completed the repurchase of 226,600 shares, representing 3.58% for ¥437.96 million under the buyback announced on August 9, 2019.
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.