TAKADAKIKO (Steel Construction) CO.,LTD. announces an Equity Buyback for 100,000 shares, representing 4.54% for ¥268.9 million.
December 01, 2021 at 02:10 am EST
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TAKADAKIKO (Steel Construction) CO.,LTD. (TSE:5923) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 4.54% of its issued shares for a total of ¥268.9 million. The shares will be repurchased at a purchase price of ¥2,689 per share. The purpose of the program is to improve shareholder profits by implementing agile capital policies that respond to changes in the business environment and improving capital efficiency. The program is valid till December 2, 2021. As of September 30, 2021, the company had 2,202,608 issued shares (excluding treasury stock) and 34,978 shares in treasury.
TAKADAKIKO (Steel Construction) CO., LTD. is a Japan-based company mainly engaged in the design, fabrication and site installation of steel structures for bridges and buildings. The Company operates in two business segments. The Bridge segment is engaged in the design, fabrication and site installation for new steel bridges, maintenance and repair work of existing bridges, bridge-related steel structures, composite structures, and civil engineering and marine-related steel structures. The Steel Structures segment is engaged in the fabrication and site installation of high-rise building steel frames, the design, fabrication and site installation of large-space structures, and the fabrication of seismic control parts and materials.
TAKADAKIKO (STEEL CONSTRUCTION) CO.,LTD. 
