Japan Foundation Engineering Co., Ltd. announces an Equity Buyback for 2,000,000 shares, representing 8.79% for ¥1,200 million.
November 15, 2021 at 04:00 am
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Japan Foundation Engineering Co., Ltd. (TSE:1914) announces an share repurchase program. Under the program the company will repurchase 2,000,000 shares, representing 8.79% of the outstanding shares for ¥1,200 million. The purpose of the program is to improve capital efficiency and return profits to shareholders, and to implement agile capital policies in response to changes in the business environment. The program will run until November 15, 2022. As of November 15, 2021, the company has 22,742,079 shares outstanding and 8,104,321 shares in treasury.
JAPAN FOUNDATION ENGINEERING CO., LTD. is a Japan-based company mainly engaged in the construction business. The Company is engaged in the slope protection works, dam foundation works, anchor works, heavy machinery works, infusion works, maintenance and repair works, environmental protection works and related business. The Company is also engaged in the provision of construction consulting and geological survey services, the maintenance and operation of dam facilities, the provision of measurement, analysis, survey and design services for general civil engineering works, and the system construction business.
JAPAN FOUNDATION ENGINEERING CO., LTD. 
