Original Engineering Consultants Co., Ltd. announces an Equity Buyback for 1,000,100 shares, representing 14.84% for ¥1,000.1 million.
November 05, 2018 at 01:00 am EST
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Original Engineering Consultants Co., Ltd. (TSE:4642) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,100 shares, representing 14.84% of its share capital for ¥1,000.1 million. The share repurchase program will run until January 24, 2019. As of September 30, 2018, the company had 6,741,335 shares outstanding (excluding treasury shares) and 1,055,465 shares in treasury.
ORIGINAL ENGINEERING CONSULTANTS CO., LTD. is a Japan-based engineering consultancy company specialized in the fields of water supply, sewerage works, sanitation and solid waste treatment. The Construction Consultant business is engaged in the research, planning, designing and construction supervision of water and sewage facilities, as well as the design and seismic diagnosis of buildings and structures. The Information Processing business is engaged in the information management for urban facilities, the development of software, the outsourcing design of facilities, and the provision of support services for system management.