Watanabe Sato Co., Ltd. announces an Equity Buyback for 80,000 shares, representing 2.51% for ¥150.8 million.
May 13, 2020 at 03:30 am EDT
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Watanabe Sato Co., Ltd. (JASDAQ:1807) announces a share repurchase program. Under the program, the company will repurchase 80,000 shares, representing 2.51% of the outstanding shares, at ¥1,885 per share for ¥150.8 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. As of March 31, 2020, the company had 3,190,435 shares outstanding and 5,265 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. 
