Nakakita Seisakusho Co., Ltd. announces an Equity Buyback for 70,000 shares, representing 1.93% for ¥176.12 million.
July 14, 2020 at 03:00 am EDT
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Nakakita Seisakusho Co., Ltd. (TSE:6496) announces an share repurchase program. Under the program the company will repurchase 70,000 shares, representing 1.93% of the outstanding shares, at ¥2,516 per share for ¥176.12 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. As of June 30, 2020, the company had 3,627,423 shares outstanding and 205,377 shares in treasury.
NAKAKITA SEISAKUSHO CO., LTD. is a Japan-based company primarily engaged in the manufacture and sale of automatic control valves, butterfly valves and remote controllers for ships and power plants. The Company offers three types of products: automatic control valves, which include auto actuated valves, servo actuated control valves, remote control valves, cylinder valves, safety valves, air purge-type automatic regulatory equipment, actuators, valves for nuclear plants, superheated steam pressure reducers and attemperators, other special automatic control valves and controlling equipment; butterfly valves, which include manual butterfly valves, remote control butterfly valves, and butterfly valves for low-temperature use, and remote controllers, which include cargo handling and ballast remote controllers and remote water level indication and warning equipment for ships.
NAKAKITA SEISAKUSHO CO., LTD. 
