Nippon Dry-Chemical Co., Ltd. announces an Equity Buyback for 90,000 shares, representing 1.27% for ¥158.31 million.
February 07, 2020 at 02:30 am EST
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Nippon Dry-Chemical Co., Ltd. (TSE:1909) announces a share repurchase program. Under the program, the company will repurchase 90,000 shares, representing 1.27% of the outstanding shares, at ¥1,759 per share for ¥158.31 million. Shares will be repurchased from Hitachi Plant Construction, Ltd. The purpose of the program is to enable the implement a flexible capital policy in response to changes in the business environment. As of February 7, 2020, the company had 7,081,188 shares outstanding and 100,624 shares in treasury.
Nippon Dry-Chemical CO., LTD. is engaged in the fire prevention business. The Company consists of four business segments. The Fire Prevention Equipment segment is engaged in the design and construction of fire prevention equipment for buildings, plants and vessels. It also manufactures various containers for fire prevention equipment. The Maintenance segment provides maintenance, inspection, repair and alteration work for various fire prevention equipment. The Products segment manufactures fire extinguishers, purchases a range of supplies, and sells through sales agents. The Vehicles segment manufactures customized fire trucks, and sells primarily to local governments.
NIPPON DRY-CHEMICAL CO., LTD. 
