Raito Kogyo Co., Ltd. announces an Increase in Equity Buyback.
March 26, 2024
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On March 27, 2024, the company announced an increase in its equity buyback plan. The company increased its authorization by 2,550,000 shares, representing 5.34% of its issued share capital (excluding treasury stock), for a total of ¥5,000 million, thereby bringing its total authorization to 3,650,000 shares, representing 7.6% of its issued share capital (excluding treasury stock), for a total of ¥7,000 million. The company announced that it has extended its plan duration till December 31, 2024.
RAITO KOGYO CO., LTD. is a company mainly engaged in the operation of construction business. The Construction segment is involved in the civil engineering construction business focusing on slope protection and soil improvement construction works; the provision of contracted construction works, as well as the sale of construction materials. The Others segment is involved in the sale of construction materials; the leasing of automobiles, construction machines and office machines; the management of welfare establishments; the operation of life and non-life insurance agencies, as well as the provision of nursing care services.
RAITO KOGYO CO., LTD. 
