Sanki Engineering Co., Ltd. announces an Equity Buyback for 1,500,000 shares, representing 2.76% for ¥2,550 million.
August 10, 2023 at 02:00 am EDT
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Sanki Engineering Co., Ltd. (TSE:1961) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 2.76% of its total shares outstanding (excluding treasury shares), for a total of ¥2,550 million. The purpose of repurchase program is to enhance shareholder returns, improve capital efficiency, and increase corporate value over the medium to long term.
The repurchased shares will be cancelled. The repurchase program is valid till March 31, 2024. As of June 30, 2023, the company had 54,444,698 shares outstanding (excluding treasury shares) and had 3,716,458 shares in treasury.
Sanki Engineering Co., Ltd. is a Japan-based construction company. The Company operates in four segments. The Construction Equipment segment is engaged in the general business of building equipment like building air conditioners, industrial air conditioners, electricity and facility system, etc. The Machine System segment is engaged in the factory automation (FA) system, logistics system, conveyors and other industrial equipment related businesses. The Environment System segment is engaged in clean environment facility related businesses, such as water and sewage treatment equipment. The Real Estate segment leases and manages real estate properties.
SANKI ENGINEERING CO., LTD. 
