Hashimoto Sogyo Holdings Co., Ltd. announces an Equity Buyback for 50,000 shares, representing 0.47% for ¥70.85 million.
May 23, 2019 at 08:30 am
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Hashimoto Sogyo Holdings Co., Ltd. (TSE:7570) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 0.47% of its share capital, at ¥1,417 per share for ¥70.85 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. As of April 30, 2019, the company had 10,646,502 shares outstanding (excluding treasury shares) and 474,277 shares in treasury.
HASHIMOTO SOGYO HOLDINGS CO.,LTD., formerly HASHIMOTO SOGYO CO., LTD. is a Japan-based company engaged in the purchase and sale of piping equipment, sanitary ceramics, residential facility machinery, air conditioning units and others. The Company operates in four business divisions. The Piping Materials division offers pipes, such as steel pipes and stainless pipes; valves, including butterfly valves and safety valves; joints, such as drainage joints and pipe joints; chemical products, such as vinyl chloride pipes and polyurethane pipes, as well as instruments, such as machine tools and electric tools. The Sanitary Ceramic and Fittings division offers washbasins, lavatory basins and shower fittings. The Housing Facilities and Equipment division offers boilers, bathtub water heaters and kitchen systems. The Ventilators and Pumps division offers air conditioners and pumps.
HASHIMOTO SOGYO HOLDINGS CO.,LTD. 
