Nishio Rent All Co., Ltd. announces an Equity Buyback for 290,000 shares, representing 1.03% for ¥900 million.
May 31, 2019 at 02:30 am EDT
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Nishio Rent All Co., Ltd. (TSE:9699) announces a share repurchase program. Under the program, the company will repurchase up to 290,000 shares, representing 1.03% of its share capital, for ¥900 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. The share repurchase program will run until July 31, 2019. As of March 31, 2019, the company had 28,037,105 shares outstanding (excluding treasury shares) and 354,359 shares in treasury.
Nishio Holdings Co Ltd is a Japan-based company mainly engaged in the rental of construction and facility construction equipment, such as civil engineering and road machinery, aerial work machinery, construction machinery, surveying equipment, as well as related equipment for events, and other related businesses. The Rental-related business segment is engaged in the rental and construction of construction equipment, track construction equipment, contaminated soil and contaminated water treatment equipment, muddy water treatment equipment, tunnel and dam construction machinery, event equipment, and photography props, as well as electrical equipment work, electrical wiring work, and operation work for construction machinery and transport business. In addition, the Company is also engaged in the manufacture of tacks and screws, and construction equipment, as well as insurance and real estate leasing business.
NISHIO HOLDINGS CO., LTD. 
