Nishimatsu Construction Co., Ltd. announces an Equity Buyback for 15,000,100 shares, representing 27.42% for ¥54,390.36 million.
September 21, 2021 at 03:15 am EDT
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Nishimatsu Construction Co., Ltd. (TSE:1820) announces a share repurchase program. Under the program, the company will repurchase up to 15,000,100 shares, representing 27.42% of its issued share capital excluding treasury stock for ¥54,390.36 million. The shares will be repurchased at a price of ¥3,626 per share. The purpose of the program is to enable the flexible execution of capital policies in response to changes in the business environment. The repurchase program will expire on October 20, 2021. As of August 31, 2021, the company had 54,700,148 issued shares (excluding treasury stock) and 891,354 shares in treasury.
Nishimatsu Construction Co Ltd is mainly engaged in the construction business and the real estate business. The Company operates three business segments. The Civil Engineering segment is engaged in the contracting of civil engineering and related business. The Construction segment is engaged in the contracting of construction works and construction related business. The Development and Real Estate segment is engaged in the sale and leasing of real estate properties, as well as the sale of materials and the asset management business.
NISHIMATSU CONSTRUCTION CO., LTD. 
