Chugai Ro Co., Ltd. announces an Equity Buyback for 100,000 shares, representing 1.29% for ¥350 million.
November 09, 2018 at 12:00 am EST
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Chugai Ro Co., Ltd. (TSE:1964) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 1.29% of its share capital, for ¥350 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy which responds to changes in the business environment. The share repurchase program will run until March 31, 2019. As of October 31, 2018, the company had 7,779,099 shares outstanding (excluding treasury shares) and 20,901 shares in treasury.
Chugai Ro Co., Ltd. is a manufacturing company primarily engaged in energy area. The Company operates in three segments. The Energy segment designs, manufactures, constructs and sells furnaces, metal process lines, solar cell manufacturing equipment, automobiles and machinery parts heat treatment furnaces, various industrial burners and energy-saving control equipment. The Information and Communications segment designs, manufactures, constructs and sells manufacturing equipment for displays, touch panels, vacuum deposition equipment and others. The Environment segment offers air purification equipment and biomass energy using equipment.
CHUGAI RO CO., LTD. 
