Takuma Co., Ltd. announces an Equity Buyback for 2,000,000 shares, representing 2.42% for ¥2,000 million.
November 12, 2019 at 10:50 am IST
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Takuma Co., Ltd. (TSE:6013) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 shares, representing 2.42% of its share capital, for ¥2,000 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, along with aiming to improve capital efficiency. The program will run until March 19, 2020. As of October 31, 2019, the company had 82,748,706 shares outstanding (excluding treasury shares) and 251,294 shares in treasury.
TAKUMA CO., LTD. is a company that is active in four business segments. The Domestic Environment and Energy segment is engaged in the design, construction, sale, operation and maintenance of general waste treatment plants, industrial waste treatment plants, resource recovery plants, sewage disposal plants, sludge incineration plants, biomass electric generation plants and generation gas turbine systems. The Overseas Environment and Energy segment provides waste power generation plants and biomass power generation plants. The Civilian Heat Energy segment offers miniature through-flow boilers and vacuum hot-water supply heaters. The Facilities and Systems segment is involved in the sale and maintenance of building facilities, semiconductor industry-use facilities and clean systems.
TAKUMA CO., LTD. 
