Tranche Update on Maeda Kosen Co., Ltd.'s Equity Buyback Plan announced on November 29, 2022.
December 27, 2022 at 08:00 pm EST
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From November 29, 2022 to December 27, 2022, the company has repurchased 1,200,000 shares, representing 3.8% for ¥3,241.2 million. With this, the company has completed the repurchase of 1,200,000 shares, representing 3.8% for ¥3,241.2 million under the buyback announced on November 29, 2022.
MAEDA KOSEN CO., LTD. is a Japan-based company mainly engaged in the social infrastructure business that mainly engaged in the manufacture and sale of civil engineering materials, building materials, agricultural materials and non-woven fabrics. The Company operates through three business segments. The Social Infrastructure segment is involved in the manufacture and sale of embankment reinforcements, civil engineering sheets, river revetment materials, slope disaster prevention products, drainage materials, polymer cement mortar, among others. The Industry Infrastructure segment is involved in the manufacture, process and sale of wipers for flat display panels and precision equipment, secondary products of narrow woven fabrics such as ribbons and various industrial fibers, as well as circular knitted products for apparel and various industrial materials. The Human Infrastructure segment is involved in the manufacture and sale of light alloy forged wheels for automobiles.