Sanki Engineering Co., Ltd. announces an Equity Buyback for 1,000,000 shares, representing 1.73% for ¥1,500 million.
August 07, 2020 at 07:00 am
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Sanki Engineering Co., Ltd. (TSE:1961) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 1.73% of its share capital, for ¥1,500 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, and implement shareholder returns. The program will run until March 31, 2021. As of June 30, 2020, the company had 57,718,714 shares outstanding (excluding treasury shares) and 2,942,442 shares in treasury.
Sanki Engineering Co., Ltd. is a Japan-based construction company. The Company operates in four segments. The Construction Equipment segment is engaged in the general business of building equipment like building air conditioners, industrial air conditioners, electricity and facility system, etc. The Machine System segment is engaged in the factory automation (FA) system, logistics system, conveyors and other industrial equipment related businesses. The Environment System segment is engaged in clean environment facility related businesses, such as water and sewage treatment equipment. The Real Estate segment leases and manages real estate properties.
SANKI ENGINEERING CO., LTD. 
