Takakita Co., Ltd. announces an Equity Buyback for 65,000 shares, for ¥39.26 million.
July 29, 2021 at 03:30 am EDT
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Takakita Co., Ltd. (TSE:6325) announces a share repurchase program. Under the program, the company will repurchase 65,000 shares, representing 0.56% of its share capital (excluding treasury stock), at ¥604 per share, for ¥39.26 million. The company will repurchase its shares in order to carry out future agile capital policies in response to changes in the business environment. The program will run until July 30, 2021. As of June 30, 2021, the company had 11,558,795 shares outstanding and 2,441,205 shares in treasury.
TAKAKITA CO., LTD. is a Japan-based company mainly engaged in the manufacturing and sale of agricultural machinery, as well as the processing of bearings. The Company operates in two business segments. The Agriculture Machinery segment is engaged in the manufacture and sale of agricultural machinery, such as dairy and livestock feed harvesting machines used for harvesting pasture and corn for feed rice and feed, and soil-related work machines used for spraying fertilizers and soil conditioners. The Bearing segment is engaged in the customized processing of bearings, including turning of the outer and inner rings, trochanters, and the polishing of large bearings used for industrial machinery and wind power generation.
TAKAKITA CO., LTD. 
