Press Kogyo Co., Ltd. announces an Equity Buyback for 2,500,000 shares, representing 2.46% for ¥1,500 million.
May 13, 2024 at 02:00 am
Share
Press Kogyo Co., Ltd. (TSE:7246) announces a share repurchase program. Under the program, the company will repurchase up to 2,500,000 shares, representing 2.46% of its total shares outstanding excluding treasury shares, for a total of ¥1,500 million. The purpose of repurchase program is to provide shareholder returns and to implement a flexible capital policy.
The repurchased shares will be cancelled. The repurchase program is valid till September 13, 2024. As of April 30, 2024, the company had 101,432,147 shares outstanding excluding treasury shares and had 5,391,323 shares in treasury.
PRESS KOGYO CO., LTD. is a Japan-based company primarily engaged in the manufacture of automotive parts and construction machinery. The Company operates in two business segments. The Automobile-related segment is involved in the manufacture and sale of automotive parts, automotive assembly and automobile molds. The Construction Machinery segment is engaged in the manufacture and sale of construction machinery parts. The Company is also engaged in manufacture and sale of building-related parts and multi-story parking equipment. The main products include chassis frame, completed vehicle assembly, side cover, transmission cover, under cover, front bumper, front pillar inner, mold & automation equipment axle, motorcycle garage, cabin for construction machinery, and among others.
PRESS KOGYO CO., LTD. 
