NISSO PRONITY Co., Ltd. announces an Equity Buyback for 700,000 shares, representing 9.83% for ¥560 million.
August 16, 2017 at 03:30 am EDT
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NISSO PRONITY Co., Ltd. (FKSE:3440) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 9.83% of its share capital, at ¥800 per share for ¥560 million. The company will repurchase its shares in order to improve capital efficiency, implement a flexible capital policy, and return profits to shareholders. As of July 31, 2017, the company had 7,124,650 shares outstanding (excluding treasury shares) and 235,350 shares in treasury.
NISSO PRONITY Co.,Ltd. is a Japan-based company mainly engaged in operation of metal processing business, rubber processing business and construction business. The Company operates in three business segments. The Metal Processing segment engages in planning, design, processing and sale of solar cell array support stands, metal panels and other metal processed products. The Rubber Processing segment engages in planning, design, processing and sale of rubber products used for housing, machinery and public infrastructure equipment. The Construction segment engages in construction projects associated with the above projects.
NISSO PRONITY CO., LTD. 
