Takasago Thermal Engineering Co., Ltd. announces an Equity Buyback for 4,000,000 shares, representing 5.69% for ¥6,000 million.
August 06, 2021 at 02:00 am EDT
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Takasago Thermal Engineering Co., Ltd. (TSE:1969) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 5.69% of its issued share capital (excluding treasury stock), for a total purchase price of ¥6,000 million. The purpose of the program is to increase shareholder value and corporate value over the medium to long term. The program will be valid February 28, 2022. As of July 31, 2021, the company had 70,239,402 issued shares (excluding treasury stock) and 9,204 treasury shares.
Takasago Thermal Engineering Co., Ltd. is a Japan-based company mainly engaged in equipment construction business as well as manufacturing and sales of equipment. The Company has two segments. The Equipment Construction segment involves in the maintenance and general management of equipment, the design and construction of air conditioners, water supply and drainage facilities, technical assistance to overseas subsidiaries as well as the manufacturing, sales and installation of cleanroom related equipment and interior materials. The Equipment Manufacturing and Sales segment is engaged in the design, manufacturing and sales of air conditioners. Other business involves in the sales and leasing of real estates and insurance agency business.
TAKASAGO THERMAL ENGINEERING CO., LTD. 
