Sanko Techno Co., Ltd. announces an Equity Buyback for 222,000 shares, representing 2.74% for ¥199.8 million.
November 18, 2020 at 02:00 am EST
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Sanko Techno Co., Ltd. (TSE:3435) announces a share repurchase program. Under the program, the company will repurchase 222,000 shares, representing 2.74% of its share capital, at ¥900 per share for ¥199.8 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, along with aiming to improve capital efficiency. As of October 31, 2020, the company had 8,088,365 shares outstanding (excluding treasury shares) and 657,043 shares in treasury.
SANKO TECHNO CO., LTD. is a Japan-based company principally engaged in fastening business and functional materials business. The Company operates in two business segments. Fastening segment is mainly involved in the manufacture and sale of post-installed anchor, drills and fasteners. The segment also conducts construction management related to construction of earthquake-resistant reinforcement business, maintenance and conservation business, as well as solar related business. Functional Materials segment is involved in the manufacture and sale of sheets made of fiber-reinforced plastics (FRP), electric hydraulic tools, measuring instruments, as well as electronic printed circuit boards for display boards and observation machines of vehicles, among others.
SANKO TECHNO CO., LTD. 
