Hisaka Works, Ltd. announces an Equity Buyback for 1,800,000 shares, representing 6.03% for ¥1,627.2 million.
May 16, 2019 at 01:00 pm IST
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Hisaka Works, Ltd. (TSE:6247) announces a share repurchase program. Under the program, the company will repurchase 1,800,000 shares, representing 6.03% of the outstanding shares, at ¥904 per share for ¥1,627.2 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and return profits to shareholders. As of March 31, 2019, the company had 29,855,313 shares outstanding and 2,877,487 shares in treasury.
HISAKA WORKS, LTD. is a Japan-based company engaged in the manufacture and sale of Plate-type heat exchanger (PHE), brazing plate-type heat exchanger (BHE), retort cooking sterilizer, sterile rice production plant, medical sterilizer, high temperature dyeing machine, supercritical technology utilization device, ball valve, sanitary valve products. The Company operates through three business segments. The Heat Exchanger segment is engaged in the manufacture and sale of plate-type heat exchangers that heat and cool fluids. The Process Engineering segment is engaged in manufacture and sale of sterilizers such as retort foods, sterilizers for pharmaceuticals and finishing equipment for textiles. The Valve segment is engaged in manufacture and sale of ball valves used to control various fluids. In addition, the Company is also engaged in operation of sanitary valves, dairy products and pharmaceuticals, conductivity sensors, as well as plant construction and power generation businesses.
HISAKA WORKS, LTD. 
