Yodogawa Steel Works, Ltd. announces an Equity Buyback for 165,000 shares, representing 0.55% for ¥325.22 million.
February 04, 2020 at 02:00 am EST
Share
Yodogawa Steel Works, Ltd. (TSE:5451) announces a share repurchase program. Under the program, the company will repurchase 165,000 shares, representing 0.55% of its share capital, at ¥1,971 per share for ¥325.22 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. As of February 4, 2020, the company had 29,760,947 shares outstanding (excluding treasury shares) and 6,076,283 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. 
