Tranche Update on Maezawa Industries, Inc.'s Equity Buyback Plan announced on July 6, 2021.
October 15, 2021 at 03:00 am EDT
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From September 1, 2021 to October 14, 2021, the company has repurchased 176,600 shares, representing 0.96% for ¥135.41 million. With this, the company has completed the repurchase of 400,000 shares, representing 2.16% for ¥288 million under the buyback announced on July 6, 2021.
Maezawa Industries, Inc. is a Japan-based company mainly engaged in the manufacture and sale of water sewage equipment and water treatment equipment, as well as the environmental business. The Company operates through three business segments. The Environmental segment is mainly engaged in the manufacture and sale of water treatment equipment for water sewage systems, industrial water treatment equipment, purification equipment for soil and groundwater pollution and organic waste recycling equipment. The Valve segment is mainly engaged in the manufacture and sale of valves, taps and gates for water sewage systems. The Maintenance segment is mainly engaged in the repair, installation and maintenance of equipment for water sewage, as well as the maintenance and operation of waste water treatment facilities for water purification factories.