Sanyo Industries, Ltd. announces an Equity Buyback for 50,000 shares, representing 1.46% for ¥110 million.
December 11, 2018 at 02:30 am
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Sanyo Industries, Ltd. (TSE:5958) announces a share repurchase program. Under the program, the company will repurchase 50,000 shares, representing 1.46% of the outstanding shares, at ¥1,982 per share for up to ¥110 million. The purpose of the program is to implement a flexible capital policy.
SANYO INDUSTRIES, LTD. is a Japan-based company primarily engaged in the manufacture and sale of construction hardware and materials, as well as the provision of construction services. The Company operates in two segments. The Sanyo Industries segment involves in the production and sale of construction hardware and materials, as well as the provision of construction services. Through its subsidiaries, the System Subsidiary segment involves in the production and sale of construction hardware and materials, the provision of construction services, as well as the sale of construction hardware and materials.