Dai-Dan Co., Ltd. announces an Equity Buyback for 300,000 shares, representing 1.31% for ¥782.4 million.
February 25, 2020 at 07:30 am
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Dai-Dan Co., Ltd. (TSE:1980) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 1.31% of its share capital, at ¥2,608 per share for ¥782.4 million. The company will repurchase its shares in order to enable the implementation of capital policies aimed at improving capital efficiency and enhancing shareholder returns. As of December 31, 2019, the company had 22,981,901 shares outstanding (excluding treasury shares) and 866,123 shares in treasury.
DAI-DAN CO., LTD. is a Japan-based company mainly engaged in the equipment construction business. The Equipment Construction segment is mainly engaged in the design, supervision and construction of electricity, air conditioning, water supply and sanitation facilities construction, facility construction, and machine and equipment installation construction. The electrical installation work provides power equipment, disaster prevention equipment, information and communication equipment, and special electrical equipment. The air conditioning equipment construction provides environmental air conditioning equipment, air conditioning equipment for medical facilities, air conditioning equipment for industrial facilities, and air conditioning equipment for special facilities. The plumbing work provides plumbing, fire fighting, utility and sanitary facilities for specialty facilities.
DAI-DAN CO., LTD. 
