Tsuruya Co., Ltd. announces an Equity Buyback for 105,000 shares, representing 1.35% for ¥48.83 million.
June 19, 2017 at 03:05 am
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Tsuruya Co., Ltd. (TSE:5386) announces a share repurchase program. Under the program, the company will repurchase 105,000 shares, representing 1.35% of the outstanding shares, at ¥465 per share for ¥48.83 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. As of March 31, 2017, the company had 7,757,302 shares outstanding and 10,498 shares in treasury.
TSURUYA CO.,LTD. is engaged in the manufacture and sale of clay tiles. The Company is engaged in manufacture and sale of clay tiles, contracting and construction of roofing work, manufacture and sale of porcelain wall materials, development and sale of building materials, and all related businesses. Its main products include super try 110 series, ace series, porcelain roofing material super try migaru, porcelain wall material super try wall, renovation-only products, ventilation members, snow clamps, safety fixtures, tile chips, sera crash and others.
TSURUYA CO., LTD. 
