Takamisawa Co., Ltd. announces an Equity Buyback for 130,000 shares, representing 1.52% for ¥50 million.
May 05, 2016
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Takamisawa Co., Ltd. (TSE:4547) announces a share repurchase program. Under the program, the company will repurchase up to 130,000 shares, representing 1.52% of the shares outstanding excluding treasury shares, for a total of ¥50 million. The company will repurchase its shares through Off-hours treasury share trading (ToSTNeT-3). The purpose of the program is to enhance shareholder returns and to improve capital efficiency. Repurchases will be in accordance with the regulations of Article 156 of the Companies Act, which is applied by replacing the regulations of Article 165 Paragraph 3 of the same Act. The share repurchase program is valid until May 31, 2016. As of April 30, 2016, the company had 8,538,510 shares outstanding excluding treasury shares and had 253,490 shares in treasury.
TAKAMISAWA CO., LTD. is a manufacturing company. The Construction-related segment manufactures and sells concrete secondary products, ready-mixed concrete, gravel and sand, sells cement and other construction materials, operates civil engineering contract, construction work and cargo trucking businesses. The Electrical Materials segment sells electrical materials, industrial machinery and air conditioning systems. The Car Life-related segment is engaged in the sale of petroleum products, the sale, maintenance and rental of automobiles, the agency of non-life insurance. The Housing and Life-related segment is involved in the trade, brokerage and management of real estate, the treatment of general and industrial waste, the sale of fruits, vegetables and fertilizers, the manufacture and sale of processed foods, golf supplies, agricultural machinery, mineral water and confectionery, the operation of golf courses and cable network television station, the processing of cheese, and others.
TAKAMISAWA CO., LTD. 
