Maruyama Mfg. Co., Inc. announces an Equity Buyback for 48,800 shares, representing 1.04% for ¥83.4 million.
August 10, 2021 at 03:00 am EDT
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Maruyama Mfg. Co., Inc. (TSE:6316) announces a share repurchase program. Under the program, the company will repurchase up to 48,800 shares, representing 1.04% of its issued share capital, for total worth of ¥83.4 million. The purpose of the share repurchases is to acquire treasury stock in order to enable the flexible execution of capital policies in response to changes in the business environment. The plan will be valid till August 11, 2021. As of August 8, 2020, the company had 4,696,568 shares are in issue and 332,764 shares in treasury.
MARUYAMA MFG. CO., INC. is a Japan-based company mainly engaged in the manufacture and sale of agricultural and forestry machinery, industrial machinery and other machinery, as well as real estate leasing business. The Company operates through four business segments. The Agriculture and Forestry Machinery segment manufactures and sells power sprayers, power sprayers, high-performance pest control machines, brush cutters and others. The Industrial Machinery segment manufactures and sells industrial high-pressure pumps and high-pressure washers. The Other Machinery segment manufactures and sells fire extinguishers and disaster prevention equipment. The Real Estate Leasing and Others segment is involved in the real estate leasing and power sales.
MARUYAMA MFG. CO., INC. 
