Japan Foundation Engineering Co., Ltd. announces an Equity Buyback for 2,000,000 shares, for ¥1,100 million.
November 13, 2020 at 09:30 am IST
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Japan Foundation Engineering Co., Ltd. (TSE:1914) announces an share repurchase program. Under the program the company will repurchase 2,000,000 shares, representing 8.09% of the outstanding shares for ¥1,100 million. The purpose of the program is to enhance capital efficiency, improve shareholder returns and implement a flexible capital policy in response to changes in the business environment. The program will run until November 17, 2021. As of November 13, 2020, the company had 24,715,823 shares outstanding and 6,130,577 shares in treasury.
JAPAN FOUNDATION ENGINEERING CO., LTD. is a Japan-based company mainly engaged in the construction business. The Company is engaged in the slope protection works, dam foundation works, anchor works, heavy machinery works, infusion works, maintenance and repair works, environmental protection works and related business. The Company is also engaged in the provision of construction consulting and geological survey services, the maintenance and operation of dam facilities, the provision of measurement, analysis, survey and design services for general civil engineering works, and the system construction business.
JAPAN FOUNDATION ENGINEERING CO., LTD. 
