Mitani Sekisan Co., Ltd. announces an Equity Buyback for 360,000 shares, representing 1.88% for ?3,000 million.
November 09, 2021 at 02:30 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 360,000 shares, representing 1.88% of its issued share capital (excluding treasury stock), at ?7,960 per share for a total purchase price of ?3,000 million. 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 9, 2021, the company has 19,164,077 issued shares (excluding treasury stock) and 5,822,522 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. 
