Kimura Chemical Plants Co., Ltd. announces an Equity Buyback for 1,000,000 shares, representing 4.86% for ¥5,000 million.
February 27, 2015 at 12:38 pm IST
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Kimura Chemical Plants Co., Ltd. (TSE:6378) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 4.86% of its share capital, for up to ¥5,000 million. The purpose of the repurchase program is to enable the company to implement a flexible capital policy corresponding to changes in the business environment.
The plan will expire on March 24, 2015. As of January 31, 2015, the company had 20,580,222 shares outstanding excluding treasury shares and had 19,778 shares in treasury.
KIMURA CHEMICAL PLANTS Co., Ltd. is engaged in the engineering, chemical machinery, and energy and environment businesses. The Engineering segment designs, manufactures, processes and sells various evaporation devices, crystallization devices, cleansing devices, stirring equipment, pressure containers, as well as stainless, steel and resin piping works. The Chemical Machinery is engaged in the design of various plants, the management and contract construction works of machinery manufacturing, existing facility removal, installation, piping, painting, thermal insulation, test operation adjustment and maintenance. The Energy and Environment segment is involved in the design, manufacture, process and sale of atomic fuel transportation casks and storage containers, nuclear fuel concentration equipment and irradiation-related facilities, among others.