Yodogawa Steel Works, Ltd. announces an Equity Buyback for 160,000 shares, representing 0.53% for ¥500 million.
May 09, 2017 at 10:00 pm EDT
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Yodogawa Steel Works, Ltd. (TSE:5451) announces a share repurchase program. Under the program, the company will repurchase up to 160,000 shares, representing 0.53% of its share capital, for ¥500 million. The company will repurchase its shares in order to implement a flexible capital policy which responds to changes in the business environment. The share repurchase program will run until June 23, 2017. As of April 30, 2017, the company had 30,090,879 shares outstanding (excluding treasury shares) and 5,746,351 shares in treasury.
Yodogawa Steel Works, Ltd. is a Japan-based company principally engaged in the manufacture, processing and sale of iron and steel products. The Company operates in four business segments. The Steel Sheets-related segment manufactures and sells coated steel sheets, galvanized steel sheets and cold-rolled steel products. The Roll segment is engaged in the manufacture and sale of steel rolls, non-ferrous rolls, etc. The Grating segment is engaged in the manufacture and sale of gratings. The Real Estate segment is engaged in the leasing and sale of real estate. Other businesses include sale of mechanical plants, power distribution projects by solar power generation, etc.
YODOGAWA STEEL WORKS, LTD. 
