Daiichi Jitsugyo Co., Ltd. announces an Equity Buyback for 250,000 shares, representing 2.33% for ¥1,000 million.
November 04, 2022 at 05:00 am
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Daiichi Jitsugyo Co., Ltd. (TSE:8059) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 2.33% of its outstanding share capital (excluding treasury shares), for a total of ¥1,000 million. The purpose of repurchase program is to implement a flexible capital policy that responds to changes in the business environment and improve shareholder returns.
The repurchase program is valid till March 31, 2023. As of October 31, 2022, the company had 10,722,758 shares outstanding (excluding treasury shares) and had 363,642 shares in treasury.
DAIICHI JITSUGYO CO., LTD. is a Japan-based company mainly engaged in the sale of machinery and apparatuses. The Company operates in five business segments. The Plant and Energy segment is engaged in the sale of energy development and production, gas and oil refining, chemical, engineering, construction, paper and pulp-related machinery, equipment and components. The Electronic segment is involved in the sale of electronic, telecommunications, electronics, precision, optic, acoustics and musical instrument-related machinery, equipment and components. The Industrial Machinery segment is involved in the sale of plastics, rubber, automotive, steel, chemicals and food-related machinery, equipment and components. The Pharma segment sells machinery, equipment and parts related to medicines and pharmaceuticals. The Aviation segment sells machinery, equipment and parts related to aviation and disaster prevention. The Company is also involved in the leasing of equipment and other businesses.
DAIICHI JITSUGYO CO., LTD. 
