Sakura Rubber Co., Ltd. announces an Equity Buyback for 120,000 shares, representing 1.22% for ¥63 million.
March 15, 2018 at 04:00 am
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Sakura Rubber Co., Ltd. (TSE:5189) announces a share repurchase program. Under the program, the company will repurchase 120,000 shares, representing 1.22% of the outstanding shares, at ¥525 per share for ¥63 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. As of February 28, 2018, the company had 9,839,657 shares outstanding and 280,343 shares in treasury.
SAKURA RUBBER CO., LTD. is mainly engaged in the fighting and disaster prevention business, as well as the aerospace and industrial goods business. The Company operates in three segments. The Fire Fighting and Disaster Prevention segment manufactures and sells fire hoses, fire suction hoses, disaster relief equipment and occupational safety equipment. The Aerospace and Industrial Goods segment manufactures and sells aerospace-related parts, metal goods, ducts, composites, petroleum-related rubber products, construction civil engineering-related rubber products, operates civil engineering and construction work business. The Real Estate Leasing segment is involved in the leasing and operation of Sasazuka shopping mall.
SAKURA RUBBER CO., LTD. 
