Maeda Kosen Co., Ltd. announces an Equity Buyback for 1,200,100 shares, for ¥3,600 million.
November 29, 2022 at 11:30 am IST
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Maeda Kosen Co., Ltd. (TSE:7821) announces a share repurchase program. Under the program, the company will repurchase 1,200,100 shares, representing 3.72% of the outstanding shares for ¥3,600 million. The company will repurchase shares from Teijin Limited.
The purpose of repurchase program is to carry out a flexible capital policy, increase corporate value over the medium to long term by enhancing dividends and share buybacks. The program will run until December 27, 2022. As of September 30, 2022, the company had 32,260,200 shares outstanding and 722,449 shares in treasury.
MAEDA KOSEN CO., LTD. is a Japan-based company mainly engaged in the social infrastructure business that mainly engaged in the manufacture and sale of civil engineering materials, building materials, agricultural materials and non-woven fabrics. The Company operates through three business segments. The Social Infrastructure segment is involved in the manufacture and sale of embankment reinforcements, civil engineering sheets, river revetment materials, slope disaster prevention products, drainage materials, polymer cement mortar, among others. The Industry Infrastructure segment is involved in the manufacture, process and sale of wipers for flat display panels and precision equipment, secondary products of narrow woven fabrics such as ribbons and various industrial fibers, as well as circular knitted products for apparel and various industrial materials. The Human Infrastructure segment is involved in the manufacture and sale of light alloy forged wheels for automobiles.
MAEDA KOSEN CO., LTD. 
