Ohmoto Gumi Co., Ltd. announces an Equity Buyback for 73,000 shares, representing 1.41% for ¥390 million.
February 14, 2018 at 02:00 am EST
Share
Ohmoto Gumi Co., Ltd. (JASDAQ:1793) announces a share repurchase program. Under the program, the company will repurchase up to 73,000 shares, representing 1.41% of its share capital, for ¥390 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy, and as part of its shareholder returns policy. The share repurchase program will run until March 23, 2018. As of December 31, 2017, the company had 5,173,423 shares outstanding (excluding treasury shares) and 1,167,457 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. 
