Nikko Co., Ltd. announces an Equity Buyback for 800,000 shares, representing 2.06% for ¥400 million.
May 22, 2020 at 02:00 am
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Nikko Co., Ltd. (TSE:6306) announces a share repurchase program. Under the program, the company will repurchase 800,000 shares, representing 2.06% of the outstanding shares for ¥400 million. The purpose of the program is to improve shareholder returns and to enhance capital efficiency. The program will run until September 30, 2020. As of March 31, 2020, the company had 38,770,770 shares outstanding and 1,299,230 shares in treasury.
NIKKO CO., LTD. is a Japan-based company principally engaged in the manufacture and sale of asphalt plants, concrete plants, as well as environment and transport machinery. The Company operates in three business segments. Asphalt Plant-Related Business segment produces asphalt plants, recycling plants, as well as compound silos, among others. Concrete Plant-Related Business segment produces concrete plants, concrete pumps, as well as factory equipment for concrete product production, among others. Environment and Transportation Related Businesses segment produces environment and recycling plants, conveyor systems. The Company is also involved in the manufacture of pipe frame scaffolds, steel road boards, pipe supports, small concrete mixers, mortar mixers, sluice gates, crushers, among others, as well as the sale of real estate leasing and home renovation.
NIKKO CO., LTD. 
