Ohmoto Gumi Co., Ltd. announces an Equity Buyback for 400,000 shares, representing 1.52% for ¥360 million.
May 25, 2017 at 12:00 pm IST
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Ohmoto Gumi Co., Ltd. (JASDAQ:1793) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.52% of its share capital, for ¥360 million. The company is repurchasing its shares through market purchases in Tokyo Stock Exchange. The company will repurchase its shares as part of its shareholder returns policy, in order to enable the implementation of a flexible capital policy and improve capital efficiency. The share repurchase program will run until September 22, 2017. As of March 31, 2017, the company had 26,268,147 shares outstanding (excluding treasury shares) and 5,436,253 shares in treasury.
OHMOTO GUMI CO., LTD. is a Japan-based company mainly engaged in civil engineering and construction works. The Company operates in two business segments. The Construction segment is involved in the provision of construction work. The Civil Engineering segment is involved in the provision of civil engineering works. The others business includes the environmental improvement business, as well as the insurance agency business.
OHMOTO GUMI CO., LTD. 
