Totetsu Kogyo Co., Ltd. announces an Equity Buyback for 300,000 shares, representing 0.86% for ¥1,000 million.
May 11, 2017 at 12:00 am EDT
Share
Totetsu Kogyo Co., Ltd. (TSE:1835) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 0.86% of its share capital, for ¥1,000 million. The company is repurchasing its shares through market purchases by trust method. The company will repurchase its shares in order to further enhance shareholder returns. The share repurchase program will run until May 31, 2017. As of March 31, 2017, the company had 35,028,381 shares outstanding (excluding treasury shares) and 1,071,619 shares in treasury.
TOTETSU KOGYO CO., LTD. is a Japan-based company mainly engaged in the construction business. The Company operates through two business segments. The Civil Engineering segment is engaged in the plan, design, construction, supervision and other businesses related to general civil engineering work. The Construction segment is engaged in the plan, design, construction, supervision and other businesses related to general construction work. The Company is also engaged in the leasing business of commercial buildings, the environmental business, including the power generation business, the greening business, and the crushed stone recycling business, as well as the production, inspection and maintenance business of track maintenance machines, the manufacture and sale of railway-related products, and the railway-related consulting business.
TOTETSU KOGYO CO., LTD. 
