The Kaneshita Construction Co.,Ltd. announces an Equity Buyback for 100,000 shares, representing 0.73% for ¥61.1 million.
May 22, 2017 at 03:30 am EDT
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The Kaneshita Construction Co.,Ltd. (TSE:1897) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.73% of its share capital, at ¥611 per share for ¥61.1 million in total. The company is repurchasing its shares through the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3). The company will repurchase its shares in order to implement a flexible capital policy which responds to changes in the business environment. As of April 30, 2017, the company had 13,756,261 shares outstanding (excluding treasury shares) and 5,277,039 shares in treasury.
The Kaneshita Construction CO., LTD. is a Japan-based company primarily engaged in the construction business, as well as other construction-related business. The Company operates in two segments. The Construction segment is engaged in the construction business. The Manufacture and Sale segment is engaged in the manufactures and sale of asphalt products, the intermediate process of the industrial wastes, the sale of other construction materials, the manufacture and sale of ready mixed concrete, as well as the construction consultant business, among others.
THE KANESHITA CONSTRUCTION CO.,LTD. 
