Press Kogyo Co., Ltd. announces an Equity Buyback for 3,000,000 shares, representing 2.77% for ?1,200 million.
November 05, 2021 at 02:00 am EDT
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Press Kogyo Co., Ltd. (TSE:7246) announces a share repurchase program. Under the program, the company will repurchase 3,000,000 shares, representing 2.77% of the outstanding shares for ?1,200 million. The purpose of the program is to implement a flexible capital policy and to improve shareholder returns. The program will run until March 15, 2022. As of October 31, 2021, the company had 108,399,396 shares issued and outstanding (excluding treasury stock) and more than 5,610,374 shares of treasury stock.
PRESS KOGYO CO., LTD. is a Japan-based company primarily engaged in the manufacture of automotive parts and construction machinery. The Company operates in two business segments. The Automobile-related segment is involved in the manufacture and sale of automotive parts, automotive assembly and automobile molds. The Construction Machinery segment is engaged in the manufacture and sale of construction machinery parts. The Company is also engaged in manufacture and sale of building-related parts and multi-story parking equipment. The main products include chassis frame, completed vehicle assembly, side cover, transmission cover, under cover, front bumper, front pillar inner, mold & automation equipment axle, motorcycle garage, cabin for construction machinery, and among others.
PRESS KOGYO CO., LTD. 
