Nakabohtec Corrosion Protecting Co.,Ltd. announces an Equity Buyback for 108,300 shares, representing 4.2% for ¥300 million.
May 21, 2018 at 05:08 am
Share
Nakabohtec Corrosion Protecting Co., Ltd. (JASDAQ:1787) announces a share repurchase program. Under the program, the company will repurchase up to 216,600 shares, representing 4.2% of its share capital for ¥300 million. The purpose of the program is to strengthen shareholder returns, enhance capital efficiency and implement a flexible capital policy in response to the business environment. The repurchase program will continue until May 21, 2019. As of March 31, 2018, the company had 5,158,837 shares outstanding and 46,163 shares in treasury.
Nakabohtec Corrosion Protecting Co., Ltd. mainly conducts electric anticorrosion, corrosion protective covering and anticorrosive coat-related works to various facilities. The Company operates in three business segments. The Port segment conducts electric anticorrosion, corrosion protective covering and anticorrosive coat-related works for port facilities and vessels. The Underground segment conducts electric anticorrosion, corrosion protective covering and anticorrosive coat-related works for underground buried facilities, as well as underground and aboveground tanks. The Ground segment conducts electric anticorrosion, corrosion protective covering and anticorrosive coat, electrolytic iron supply and antifouling works for onshore facilities and plant equipment. The Company also conducts electric anticorrosion and corrosion protective covering works for reinforced concrete structures. In addition, the Company sells anticorrosion-related materials and equipment.
NAKABOHTEC CORROSION PROTECTING CO.,LTD. 