Hisaka Works, Ltd. announces an Equity Buyback for 1,000,000 shares, representing 3.24% for ¥1,200 million.
November 10, 2013
Share
Hisaka Works, Ltd. (TSE:6247) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 3.24% for ¥1,200 million. The purpose of the repurchase program is to improve capital efficiency and enable the implementation of a flexible capital policy corresponding to changes in the business environment.
The repurchases will be valid till February 28, 2014. As of October 31, 2013, the company has 30,863,511 shares outstanding and 1,869,289 shares held in treasury.
HISAKA WORKS, LTD. is a Japan-based company engaged in the manufacture and sale of Plate-type heat exchanger (PHE), brazing plate-type heat exchanger (BHE), retort cooking sterilizer, sterile rice production plant, medical sterilizer, high temperature dyeing machine, supercritical technology utilization device, ball valve, sanitary valve products. The Company operates through three business segments. The Heat Exchanger segment is engaged in the manufacture and sale of plate-type heat exchangers that heat and cool fluids. The Process Engineering segment is engaged in manufacture and sale of sterilizers such as retort foods, sterilizers for pharmaceuticals and finishing equipment for textiles. The Valve segment is engaged in manufacture and sale of ball valves used to control various fluids. In addition, the Company is also engaged in operation of sanitary valves, dairy products and pharmaceuticals, conductivity sensors, as well as plant construction and power generation businesses.
HISAKA WORKS, LTD. 
