Daiei Kankyo Co., Ltd. announces an Equity Buyback for 1,500,000 shares, representing 1.5% for ¥3,750 million.
September 20, 2023 at 02:30 am EDT
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Daiei Kankyo Co., Ltd. (TSE:9336) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 1.50% for ¥3,750 million. The purpose of repurchase program is to improve shareholder returns and capital efficiency, and implement flexible capital policies in response to the business environment.
The program will expire on September 20, 2024. As of August 31, 2023, the company had 99,859,852 shares in issue and 33,048 shares in treasury.
Daiei Kankyo Co Ltd is a Japan-based company mainly engaged in environment-related businesses centered on waste treatment and resource recycling. The environment-related segment is engaged in the provision of one-stop services for waste collection, transportation, intermediate treatment, recycling, and final disposal, as well as total solutions for contaminated soil, from investigation to remediation. The environment-related business is divided into seven categories: waste treatment and resource recycling, soil remediation, energy creation, forest conservation, facility construction and operation management, consulting, and others. The Company also operates a valuable resources recycling business consisting of aluminum pellets and recycled plastic pallets.
DAIEI KANKYO CO., LTD. 