Sekisui Jushi Corporation announces an Equity Buyback for 2,500,000 shares, representing 5.8% for ¥6,000 million.
April 28, 2021 at 01:40 am EDT
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Sekisui Jushi Corporation (TSE:4212) announces a share repurchase program. Under the program, the company will repurchase 2,500,000 shares, representing 5.80% of the outstanding shares for ¥6,000 million. The purpose of the program is to improve capital efficiency, increase profit per share and implement a flexible capital policy in response to changes in the business environment. The program will run until March 31, 2022. As of March 31, 2021, the company had 43,069,008 shares outstanding and 4,244,590 shares in treasury.
Sekisui Jushi Corporation is a Japan-based manufacturing company mainly engaged in the transportation and landscape related products, sports facilities related products, living and construction products, integrated logistics materials related products business. The Company operates in two segments. The Public segment manufactures, processes and sells soundproof wall materials, traffic safety products, signs, thermal insulation pavement, protective fence, high field, shelter, artificial turf and others. The Private segment manufactures, process and sells mesh fences, artificial timber, meta color building materials, aluminum resin laminated composite boards, packaging bands, stretch films and others.
SEKISUI JUSHI CORPORATION 
