Tranche Update on ShinMaywa Industries, Ltd.'s Equity Buyback Plan announced on January 21, 2019.
February 20, 2019 at 01:30 am EST
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From January 21, 2019 to February 19, 2019, the company has repurchased 26,666,600 shares, representing 29.03% for ¥39,999.9 million. With this, the company has completed the repurchase of 26,666,600 shares, representing 29.03% for ¥39,999.9 million under the buyback announced on January 21, 2019.
ShinMaywa Industries, Ltd. is mainly engaged in the aircraft business, the special vehicle business and other businesses. The Company operates in four segments. The Aircraft segment provides aircrafts, including rescue flying-boats and training support aircrafts, and aircraft parts. The Special Vehicle segment provides dump trucks, tail gate lifters, desorption body trucks, garbage cars and other special vehicles, as well as related parts. The Industrial Equipment and Environment System segment provides submersible pumps, water processing-related facilities and equipment, automatic electric cable processors, film formation equipment, direct drive motors, refuse transfer stations and others. The Parking System segment provides mechanical parking systems and boarding bridges for passenger aircrafts. The Company also involves in the construction of waste disposal facilities, the real estate and software development businesses.