Kozo Keikaku Engineering Inc. announces an Equity Buyback for 200,000 shares, representing 3.74% for ¥500 million.
March 12, 2020 at 12:15 pm IST
Share
Kozo Keikaku Engineering Inc. (JASDAQ:4748) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 3.74% of the outstanding shares for ¥500 million. The purpose of the program is to enhance capital efficiency and enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until June 30, 2020. As of December 31, 2019, the company had 5,353,429 shares outstanding and 146,571 shares in treasury.
KOZO KEIKAKU ENGINEERING Inc. is engaged in the engineering consulting business and product service business. The Engineering Consulting segment provides various services including consulting in disaster prevention and earthquake-resistant, as well as environmental assessment and analysis, building structure design, as well as manufacturing and logistics simulation, among others. The Product Services segment sells construction structure analysis and earthquake-resistant examination software, network simulation software, radio wave propagation and electromagnetic wave analysis software, as well as computer-aided engineering (CAE) software, among others.