Mitani Sekisan Co., Ltd. announces an Equity Buyback for 170,000 shares, representing 0.89% for ¥680 million.
December 10, 2020 at 02:00 am EST
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Mitani Sekisan Co., Ltd. (TSE:5273) announces a share repurchase program. Under the program, the company will repurchase up to 170,000 shares, representing 0.68% of its issued share capital for ¥680 million. The purpose of the program is to carry out agile capital policy and return profits to shareholders. The repurchase program will expire on December 10, 2021. As of December 9, 2020, the company had 19,189,762 shares in issue and 5,796,837 shares in treasury.
MITANI SEKISAN Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of construction materials. The Company operates in two business segments. The Secondary Concrete Products-related segment is engaged in the provision of concrete piles, poles, concrete blocks, gravels and the leasing of frameworks for wave dissipating concrete blocks. The Information-related segment is engaged in the building of information systems, as well as the sale of hardware and software. The others business includes the environment sanitation, facility management, hotel business, technology provision revenue, real estate rental, solar power revenue and others.
MITANI SEKISAN CO., LTD. 
