Yodogawa Steel Works, Ltd. announces an Equity Buyback for 220,000 shares, representing 0.73% for ¥480.7 million.
February 01, 2019 at 02:00 am
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Yodogawa Steel Works, Ltd. (TSE:5451) announces a share repurchase program. Under the program, the company will repurchase 220,000 shares, representing 0.73% of the outstanding shares, at ¥2,185 per share for ¥480.7 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of February 1, 2019, the company had 29,949,878 shares outstanding and 5,887,352 shares in treasury.
Yodogawa Steel Works, Ltd. is a Japan-based company principally engaged in the manufacture, processing and sale of iron and steel products. The Company operates in four business segments. The Steel Sheets-related segment manufactures and sells coated steel sheets, galvanized steel sheets and cold-rolled steel products. The Roll segment is engaged in the manufacture and sale of steel rolls, non-ferrous rolls, etc. The Grating segment is engaged in the manufacture and sale of gratings. The Real Estate segment is engaged in the leasing and sale of real estate. Other businesses include sale of mechanical plants, power distribution projects by solar power generation, etc.
YODOGAWA STEEL WORKS, LTD. 
