KIMURA KOHKI Co.,Ltd. announces an Equity Buyback for 40,000 shares, representing 1.05% for ¥112 million.
February 12, 2021 at 12:00 pm IST
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KIMURA KOHKI Co.,Ltd. (TSE:6231) announces a share repurchase program. Under the program, the company will repurchase 40,000 shares, representing 1.04% of the outstanding shares for ¥112 million. The purpose of the program is to improve shareholder returns and to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until April 27, 2021. As of January 31, 2021, the company had 3,849,000 shares outstanding and 23,625 shares in treasury.
KIMURA KOHKI CO.,LTD is engaged in the manufacture and sale of air conditioning equipment and other related works. The Company operates the development, manufacturing and sales of air conditioning system equipment business. The main products are air handling units, fan coil units, and factory zone air conditioners. The air handling unit is a device that separately provides a heat source device necessary for cooling and heating, and cools and heats air using water and a refrigerant gas as a heat medium. The fan coil unit is a device provided with a separate heat source device necessary for cooling and heating, and performs cooling and heating using cold water, hot water, steam and others. The factory zone air conditioner is a device for air conditioning a relatively large space such as a factory or a hall.
KIMURA KOHKI CO.,LTD. 
