Hanwa Co., Ltd. announces an Equity Buyback for 400,000 shares, representing 0.98% for ¥2,000 million.
May 10, 2024 at 05:00 am
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Hanwa Co., Ltd. (TSE:8078) announces a share repurchase program. Under the program, the company will repurchase 400,000 shares, representing 0.98% of its share capital, for ¥2,000 million. The purpose of program is to return profits to shareholders and improve capital efficiency.
The program will run until June 19, 2024. As of March 31, 2024, the company had 40,668,229 shares issued and 1,664,411 shares in treasury.
HANWA CO., LTD. is a Japan-based company mainly engaged in the sale of steel metal raw materials, non-ferrous metals, foods, petroleum and chemical products, wood and machinery. The Company operates through six business segments. The Steel business is engaged in the provision of steel bars, construction works, steel plates, special steels, wires, steel pipes, and scrap iron. It is also engaged in the metal processing and storage. The Metal Raw Materials business is engaged in the provision of nickel, chromium, silicon, manganese, and ferroalloys. The Overseas Sales Subsidiary business is engaged in the sale of products at major overseas bases. The Petroleum and Chemicals business is engaged in the sale of petroleum products, industrial chemicals, chemicals and waste fuels. The Food business provides seafood and livestock products. The Nonferrous Metals business supplies aluminum, copper and zinc, and conducts recycling business. It also manages and operates amusement facilities.
HANWA CO., LTD. 
