Mitani Corporation announces an Equity Buyback for 30,000 shares, representing 0.12% for ¥170 million.
January 16, 2019 at 01:00 am
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Mitani Corporation (TSE:8066) announces a share repurchase program. Under the program, the company will repurchase 30,000 shares, representing 0.12% of the outstanding shares for ¥170 million. The purpose of the program is to flexibly repurchase shares as part of the company's shareholder return policy and capital policy, with consideration to the market environment and capital status. The program will run until March 22, 2019. As of January 16, 2019, the company had 25,209,364 shares outstanding and 4,792,773 shares in treasury.
MITANI CORPORATION is a Japan-based manufacturing company. The Company operates in three business segments. The Information Systems-related segment is engaged in the sale of information systems equipment, the development of software, as well as the maintenance of equipment and devices. The Corporate Supply-related segment is engaged in the manufacture and sale of construction materials, petroleum products and liquefied petroleum (LP) gas products, the manufacture and sale of gondola machinery, wind power generation business, sales and processing of plastic products, processing and sales of spices, as well as the rental business. The Lifestyle and Regional Services-related segment is engaged in the provision of information communications services such as cable television and Internet provider services, the operation of nursing homes, car dealerships, the production and sales of ready-mixed concrete, gas station operations, sales of LP gas and housing equipment, among others.
MITANI CORPORATION 
