Yamato Kogyo Co., Ltd. announces an Equity Buyback for 1,000,000 shares, representing 1.48% for ¥2,700 million.
August 03, 2020 at 12:00 am
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Yamato Kogyo Co., Ltd. (TSE:5444) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 1.48% of its share capital, for ¥2,700 million. The company will repurchase its shares in order to implement a flexible capital policy. The program will run until October 30, 2020. As of August 3, 2020, the company had 67,664,482 shares outstanding (excluding treasury shares) and 5,518 shares in treasury.
YAMATO KOGYO CO., LTD. is a Japan-based company principally engaged in the manufacture and sale of shape steel. The Company operates through four geographic segments. The Steel (Japan) segment is engaged in the manufacture and sale of H-shape steel, channel steel, I-shape steel, steel sheet piles, elevator guide rails, shaped steel for shipbuilding and ship cans, among others. The Steel (South Korean) segment is engaged in the manufacture and sale of steel bars. The Steel (Thailand) segment is engaged in the manufacture and sale of H-shape steel, channel steel, I-shape steel and steel sheet piles. The Railway-related segment is engaged in process and sale of turnouts and crossings, extensible joints, new crossings, glued insulated rails, derailment prevention guards, tie plates and bolts. The Company is also involved in the transportation and real estate properties business, as well as the treatment of medical waste.
YAMATO KOGYO CO., LTD. 
