Watanabe Sato Co., Ltd. announces an Equity Buyback for 450,000 shares, representing 14.47% for ¥1,404 million.
August 05, 2021 at 03:30 am EDT
Share
Watanabe Sato Co., Ltd. (JASDAQ:1807) announces a share repurchase program. Under the program, the company will repurchase 450,000 shares, representing 14.47% of the outstanding shares, at ¥3,120 per share for ¥1,404 million. The purpose of the program is to strengthen shareholder returns, enhance capital efficiency and implement a flexible capital policy in response to changes in the business environment. The program is valid till August 6, 2021, As of June 30, 2021, the company had 3,110,349 shares (excluding treasury stock) outstanding and 85,351 shares in treasury.
WATANABE SATO CO., LTD. is a Japan-based company mainly engaged in the contracting operations of pavement works, civil engineering works and related business, as well as the manufacture and sale of asphalt mixtures. The construction department is mainly engaged in the provision of construction works, including pavement and civil engineering works. The product sales department is mainly engaged in the manufacture and sale of asphalt mixtures and related products, as well as the rental of equipment.
WATANABE SATO CO., LTD. 
