Yodogawa Steel Works, Ltd. announces an Equity Buyback for 300,000 shares, representing 1.03% for ¥593.4 million.
November 04, 2020 at 02:00 am EST
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Yodogawa Steel Works, Ltd. (TSE:5451) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 1.03% of its issued share capital, for total worth of ¥593.40 million worth of its shares. The purpose of the share repurchases is to carry out agile capital policy in response to changes in the business environment. As of November 4, 2020, the company has 29,217,366 shares are issued and outstanding and 6,619,864 shares are 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. 
