Taisei Oncho Co., Ltd. announces an Equity Buyback for 300,000 shares, representing 4.71% for ¥537.9 million.
May 19, 2022 at 03:00 am EDT
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Taisei Oncho Co., Ltd. (TSE:1904) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 4.71% for ¥537.9 million. The shares will be repurchased for ¥1,793 per share.
The purpose of the program is to improve capital efficiency and respond to changes in the business environment as part of a flexible capital policy. The program is valid till May 20, 2022. As of March 31, 2022, the company had 6,372,179 shares issued (excluding treasury shares) and 510,308 treasury shares.
TAISEI ONCHO CO., LTD. is a Japan-based company mainly engaged in the equipment construction business. The Company operates in six regional segments. The equipment construction business is engaged in the design, manufacture and contracted construction of air conditioners, plumbing and sanitation equipment, constant temperature and humidity equipment, dehumidifiers, heat exchange systems, freezing and refrigeration equipment. The real estate rental business is engaged in the leasing of land and buildings for commercial use and residential use. The others business is engaged in the sale of air conditioners and others, as well as the solar power generation business. The Company operates within the domestic market and to overseas markets, including USA, China, India, Philippines and Australia. The Company also operates in Vietnam.
TAISEI ONCHO CO., LTD. 
