ShinMaywa Industries, Ltd. announces an Equity Buyback for 26,666,700 shares, representing 29.03% for ¥40,000.05 million.
January 21, 2019 at 01:28 am
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ShinMaywa Industries, Ltd. (TSE:7224) announces a share repurchase program. Under the program, the company will repurchase up to 26,666,700 shares for ¥40,000.05 million. The program will run until March 29, 2019. As of January 21, 2019, the company had 91,855,164 shares outstanding and 4,536,636 shares in treasury.
ShinMaywa Industries, Ltd. is mainly engaged in the aircraft business, the special vehicle business and other businesses. The Company operates in four segments. The Aircraft segment provides aircrafts, including rescue flying-boats and training support aircrafts, and aircraft parts. The Special Vehicle segment provides dump trucks, tail gate lifters, desorption body trucks, garbage cars and other special vehicles, as well as related parts. The Industrial Equipment and Environment System segment provides submersible pumps, water processing-related facilities and equipment, automatic electric cable processors, film formation equipment, direct drive motors, refuse transfer stations and others. The Parking System segment provides mechanical parking systems and boarding bridges for passenger aircrafts. The Company also involves in the construction of waste disposal facilities, the real estate and software development businesses.
SHINMAYWA INDUSTRIES, LTD. 
