NAGAWA Co., Ltd. announces an Equity Buyback for 160,000 shares, representing 0.98% for ¥1,118.4 million.
November 14, 2019 at 02:30 am EST
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NAGAWA Co., Ltd. (TSE:9663) announces a share repurchase program. Under the program, the company will repurchase 160,000 shares, representing 0.98% of its share capital, at ¥6,990 per share for ¥1,118.4 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment. As of September 30, 2019, the company had 16,357,214 shares outstanding (excluding treasury shares) and 745,498 shares in treasury.
NAGAWA Co., Ltd. is a Japan-based company engaged in the design and installation of modular and system buildings, the manufacture, sale and rent of unit houses, as well as the rent and sale of construction equipment. The Company operates through three business segments. The Unit House segment is engaged in the manufacture, sale and rent of unit houses, as well as sale and rent of office equipment and electrical products incidental to houses. The Module and System Construction segment is engaged in construction and sale of module construction and system construction. The Construction Equipment Rental segment is engaged in the sale and rent of construction equipment.
NAGAWA CO., LTD. 
