Sakura Rubber Co., Ltd. announces an Equity Buyback for 117 shares.
October 23, 2018 at 02:00 am EDT
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Sakura Rubber Co., Ltd. (TSE:5189) announces a share repurchase program. Under the program, the company will repurchase up to 117 shares. The company will repurchase its shares in order to process the fractional shares resulting from a reverse share-split.
SAKURA RUBBER CO., LTD. is mainly engaged in the fighting and disaster prevention business, as well as the aerospace and industrial goods business. The Company operates in three segments. The Fire Fighting and Disaster Prevention segment manufactures and sells fire hoses, fire suction hoses, disaster relief equipment and occupational safety equipment. The Aerospace and Industrial Goods segment manufactures and sells aerospace-related parts, metal goods, ducts, composites, petroleum-related rubber products, construction civil engineering-related rubber products, operates civil engineering and construction work business. The Real Estate Leasing segment is involved in the leasing and operation of Sasazuka shopping mall.