Kawagishi Bridge Works Co., Ltd. announces an Equity Buyback for 35,000 shares, representing 1.2% for ¥82.78 million.
March 05, 2020 at 02:30 am EST
Kawagishi Bridge Works Co., Ltd. (TSE:5921) announces a share repurchase program. Under the program, the company will repurchase 35,000 shares, representing 1.2% of its share capital, at ¥2,365 per share for ¥82.78 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, and improve capital efficiency. As of January 31, 2020, the company had 2,918,573 shares outstanding (excluding treasury shares) and 81,427 shares in treasury.