KOMATSU MATERE Co.,Ltd. announces an Equity Buyback for 750,000 shares, for ¥800 million.
October 28, 2020 at 02:00 am EDT
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KOMATSU MATERE Co.,Ltd. (TSE:3580) announces a share repurchase program. Under the program, the company will repurchase 750,000 shares, representing 1.74% of its share capital, for ¥800 million. The company will repurchase its shares in order to improve its value per share and strengthen shareholder returns, as well as implement flexible capital policies in response to changes in the business environment. The program will run until March 31, 2021. As of September 30, 2020, the company had 43,020,004 shares outstanding (excluding treasury shares) and 120,995 shares in treasury.
KOMATSU MATERE Co., Ltd., formerly KOMATSU SEIREN CO., LTD. is a Japan-based company mainly engaged in the textile business. The Company operates in two business segments. The Textile segment is engaged in the design, development, manufacture and sale of synthetic fabrics and lamina fabrics, as well as menâs casual clothing and goods. The Logistics and Product Sales segment is engaged in the transportation and warehousing businesses, the packaging, storage and shipment of its products, the design, construction, and management of civil engineering and construction works, as well as the land development and construction business, among others.
KOMATSU MATERE CO.,LTD. 
