Tranche Update on T.RAD Co., Ltd.'s Equity Buyback Plan announced on August 2, 2021.
December 13, 2021 at 11:45 pm EST
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From October 1, 2021 to December 13, 2021, the company has repurchased 271,200 shares, representing 3.85% for ¥813.24 million. With this, the company has completed the repurchase of 485,700 shares, representing 6.82% for ¥1,499.85 million under the buyback announced on August 2, 2021.
T.RAD Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of various heat exchangers, as well as the provision of ancillary services. The Company operates through five regional segments including Japan, the United States, Europe, Asia and China. The Company is mainly engaged in the manufacture and sale of automobiles, construction and industrial machines, air conditioning equipment, distributed generators, other heat exchangers, automobiles and other machine parts, as well as the research, development and manufacture and sale of environmental equipment. Its main products include radiators, oil coolers, charge air coolers, fin coils for air conditioning equipment and various heat exchangers.