Tranche Update on Toa Road Corporation's Equity Buyback Plan announced on May 14, 2020.
October 30, 2020 at 09:00 pm EDT
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From July 1, 2020 to September 30, 2020, the company has repurchased 81,800 shares, representing 1.62% for ¥271.13 million. With this, the company has completed the repurchase of 123,700 shares, representing 2.45% for ¥407.74 million under the buyback announced on May 14, 2020.
TOA ROAD CORPORATION is mainly engaged in the construction business. The Company operates in two business segments. The Construction segment is engaged in the operation of construction works, including paving works, civil engineering works, landscaping and greening works, sports facility works, foundation improvement works, river improvement works and special dredging works. The segment is also involved in the demolition of buildings and the provision of consulting services. The Manufacture and Sale and Environment segment manufactures and sells emulsified asphalt, modified asphalt, asphalt mixtures, recycled aggregates, crushed stones for paving and ready-mixed concrete. The segment is also involved in the manufacture and sale of construction machinery, the sale of pavement works-related products, as well as the environmental businesses, such as the intermediate treatment of construction wastes and the investigation and purification of contaminated soil.