Taiyo Kisokogyo Co.,Ltd. announces an Equity Buyback for 20,000 shares, representing 2.96% for ¥131.2 million.
December 11, 2019 at 02:30 am EST
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Taiyo Kisokogyo Co.,Ltd. (JASDAQ:1758) announces a share repurchase program. Under the program, the company will repurchase 20,000 shares, representing 2.96% of the outstanding shares, at ¥6,560 per share for ¥131.2 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. As of October 31, 2019, the company had 675,474 shares outstanding and 144,126 shares in treasury.
Taiyo Kisokogyo Co., Ltd. is a construction company primarily engaged in special engineering works. The Company operates in four business segments. The Special Civil Engineering Works and Others segment is engaged in the provision of special civil engineering works, and the soil decontamination environmental business. The Housing-related Works segment is engaged in the provision of housing ground improvement works and housing correction works, and the solar power generation and other environmental businesses. The Machinery Manufacturing and Sales segment is engaged in the manufacture and sale of construction machinery. The Renewable Energy segment is engaged in businesses related to solar power sales and other income from renewable energy.
TAIYO KISOKOGYO CO.,LTD. 
