Yuken Kogyo Co., Ltd. announces an Equity Buyback for 150,000 shares, representing 3.72% for ¥300 million.
May 12, 2023 at 02:00 am EDT
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Yuken Kogyo Co., Ltd. (TSE:6393) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 3.72% of its issued share capital (excluding treasury stock), for ¥300 million. The purpose of the program is to improve valuation by strengthening shareholder return measures.
The program will run until December 29, 2023. As of March 31, 2023, the company had 4,027,516 shares in issue (excluding treasury stock) and 486,160 shares in treasury.
YUKEN KOGYO CO., LTD. is a company mainly engaged in the manufacture and sale of hydraulic, system products and environment equipment. The Company operates in three business segments. The Japan segment, Asia segment and Europe segment are engaged in the manufacture and sale of hydraulic equipment, including hydraulic products, system products and environment equipment. The hydraulic products division is engaged in the manufacture and sale of oil pumps and motors, pressure-control valves, flow-control valves, directional-control valves and various hydraulic control equipment. The system products division is engaged in the manufacture, sale and maintenance of hydraulic systems for industrial machinery, standard hydraulic units and hydraulic cylinders. The environment equipment division is engaged in the manufacture and sale of automatic cutting compression machines, automatic polyethylene terephthalate (PET) bottles volume reduction machines, as well as automatic multi-compactors.
YUKEN KOGYO CO., LTD. 
