Kawada Technologies, Inc. announces an Equity Buyback for 220,000 shares, representing 3.74% for ¥1,000 million.
May 12, 2023 at 03:00 am EDT
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Kawada Technologies, Inc. (TSE:3443) announces a share repurchase program. Under the program, the company will repurchase up to 220,000 shares, representing 3.74% of its issued share capital (excluding treasury stock), for ¥1,000 million. The purpose of the program is to carry out agile capital policy.
The program will run until February 28, 2024. As of March 31, 2023, the company had 5,877,920 shares in issue (excluding treasury stock) and 39,450 shares in treasury.
KAWADA TECHNOLOGIES, INC. is a company engaged in the construction-related business. The Company operates in four business segments. The Steel Structure segment designs, manufactures and builds steel bridges and constructional steel frames. The Civil Engineering and Construction segment is involved in the design, manufacture and building of pre-stressed concrete (PC) bridges and pre-beam bridges, as well as the maintenance of bridges. The Construction segment is engaged in the design and subcontract of construction works. The Others segment is involved in the development, manufacture and sale of next-generation industrial robots, development and sale of software, the sale of system equipment, the architectural analysis, design and drawing of bridges, the sale of bridge accessories, the aircraft business, as well as the subcontract, planning, design, supervision and consulting of construction works.
KAWADA TECHNOLOGIES, INC. 
