Tranche Update on Sumitomo Osaka Cement Co., Ltd.'s Equity Buyback Plan announced on February 9, 2021.
May 07, 2021 at 12:00 am EDT
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From April 1, 2021 to May 6, 2021, the company has repurchased 574,500 shares, representing 1.49% for ¥2,055.9 million. With this, the company has completed the repurchase of 1,389,800 shares, representing 3.6% for ¥4,999.72 million under the buyback announced on February 9, 2021.
Sumitomo Osaka Cement Co., Ltd. specializes in production and marketing of cements and building materials. Net sales break down by activity as follows:
- production of cement and building materials (85.7%): cement, aggregates, ready-to-use concrete, etc.;
- extraction of minerals (5%): limestone, dolomite, calcium carbonate, silica powder, etc.;
- manufacturing of advanced materials (44.5%);
- production of optoelectronic components (2.4%);
- other (2.4%): concrete structures maintenance and repair services, management of real estate assets, engineering services, etc.
At the end of March 2021, the group had 6 cement plants located in Japan.