Okano Valve Mfg.Co.Ltd. announces an Equity Buyback for 20,000 shares, representing 1.17% for ¥50 million.
April 02, 2021 at 07:00 am
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Okano Valve Mfg.Co.Ltd. (TSE:6492) announces a share repurchase program. Under the program, the company will repurchase 20,000 shares, representing 1.17% of the outstanding shares for ¥50 million. The purpose of the program is to improve shareholder interests by implementing agile capital policies and improving capital efficiency in response to changes in the business environment. The program will run until November 22, 2021. As of November 30, 2020, the company had 1,712,827 shares outstanding and 80,173 shares in treasury.
OKANO VALVE MFG.CO.LTD. is a Japan-based company engaged in the valve business and the maintenance business. The Company operates in two business segments. The Valve segment is engaged in the manufacture and sale of valves such as globe valves, gate valves, check valves, safety valves, relief valves, screw-down stop check valves, drain valves, lining valves and control valves, as well as parts and cast steel materials for nuclear power plants, thermal power plants and other industrial plants. The Maintenance segment is engaged in the provision of maintenance services for delivered valves, replacement services for parts, and other periodic valve inspection services to maintain the safety and soundness of valves at power plants.
OKANO VALVE MFG.CO.LTD. 