Mitani Sekisan Co., Ltd. announces an Equity Buyback for 300,000 shares, representing 1.6% for ?2,250 million.
November 11, 2021 at 02:45 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 300,000 shares, representing 1.60% of its issued share capital (excluding treasury stock), for a total purchase price of ?2,250 million. The shares will be repurchased at a price of ?7,190 per share. The purpose of the program is to enable the execution of agile capital policies in response to changes in the business environment. As of November 11, 2021, the company has 18,804,077 issued shares (excluding treasury stock) and 6,182,522 treasury shares.
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. 
