The Kaneshita Construction Co.,Ltd. announces an Equity Buyback for 200,000 shares, representing 1.43% for ¥140 million.
February 09, 2017
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The Kaneshita Construction Co.,Ltd. (TSE:1897) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 1.43% of the outstanding shares for ¥140 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. The program will run until March 31, 2017. As of January 31, 2017, the company had 13,937,600 shares outstanding and 5,095,700 shares in treasury.
The Kaneshita Construction CO., LTD. is a Japan-based company primarily engaged in the construction business, as well as other construction-related business. The Company operates in two segments. The Construction segment is engaged in the construction business. The Manufacture and Sale segment is engaged in the manufactures and sale of asphalt products, the intermediate process of the industrial wastes, the sale of other construction materials, the manufacture and sale of ready mixed concrete, as well as the construction consultant business, among others.
THE KANESHITA CONSTRUCTION CO.,LTD. 
