Totetsu Kogyo Co., Ltd. announces an Equity Buyback for 200,000 shares, representing 0.56% for ¥600 million.
May 10, 2015
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Totetsu Kogyo Co., Ltd. (TSE:1835) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 0.56% of its total shares outstanding excluding treasury shares, for a total of ¥600 million. The company will make market purchase by trust method.
The purpose of the repurchase program is to enhance shareholder returns. The share repurchase program is valid until May 29, 2015. As of March 31, 2015, the company had 35,528,785 shares outstanding excluding treasury shares and had 571,215 shares in treasury.
TOTETSU KOGYO CO., LTD. is a Japan-based company mainly engaged in the construction business. The Company operates through two business segments. The Civil Engineering segment is engaged in the plan, design, construction, supervision and other businesses related to general civil engineering work. The Construction segment is engaged in the plan, design, construction, supervision and other businesses related to general construction work. The Company is also engaged in the leasing business of commercial buildings, the environmental business, including the power generation business, the greening business, and the crushed stone recycling business, as well as the production, inspection and maintenance business of track maintenance machines, the manufacture and sale of railway-related products, and the railway-related consulting business.
TOTETSU KOGYO CO., LTD. 
