Maruyama Mfg. Co., Inc. announces an Equity Buyback for 48,800 shares, representing 1.04% for ¥83.4 million.
August 10, 2021 at 12:30 pm IST
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Maruyama Mfg. Co., Inc. (TSE:6316) announces a share repurchase program. Under the program, the company will repurchase up to 48,800 shares, representing 1.04% of its issued share capital, for total worth of ¥83.4 million. The purpose of the share repurchases is to acquire treasury stock in order to enable the flexible execution of capital policies in response to changes in the business environment. The plan will be valid till August 11, 2021. As of August 8, 2020, the company had 4,696,568 shares are in issue and 332,764 shares in treasury.
Maruyama MFG Co Inc is a Japan-based company mainly engaged in the manufacture and sale of agricultural and forestry machinery, industrial machinery and other machinery, as well as real estate leasing business. The Company operates through four business segments. The agriculture and forestry machinery segment is engaged in the manufacture and sale of power sprayers, power sprayers, large pest control machines, brush cutters and others. The industrial machinery segment is engaged in the manufacture and sale of industrial high-pressure pumps, high-pressure cleaners and ultra-fine bubble products. The other machinery segment is engaged in the manufacture and sale of fire extinguishers and disaster prevention equipment. The real estate leasing and others segment is engaged in the real estate leasing and power sales.