Shinwa Co., Ltd. announces an Equity Buyback for 380,000 shares, representing 2.69% for ¥300 million.
May 13, 2021 at 08:20 am
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Shinwa Co., Ltd. (TSE:7607) announces a share repurchase program. Under the program, the company will repurchase up to 380,000 shares, representing 2.69% for ¥300 million. The purpose of the program is to implement agile capital policies in response to changes in the business environment and returning profits to shareholders. The program will expire on August 31, 2021. As of March 31, 2021, the company had 14,103,000 shares in issue(excluding treasury stock) and no shares in treasury.
Shinwa Co Ltd is a Japan-based company engaged in the manufacture, sale and maintenance of production equipment and materials in the manufacturing industry. The Company operates in four regional segments. The Company is engaged in the sale of metal joints, industrial equipment, factory automation (FA) system related products, the provision of cover welding and spraying services, soldering services and maintenance works, the manufacture and sale of FA systems, as well as the logistics business, the real estate management business, the insurance agency business, and the manufacture and sale of resin products. The Company operates within the domestic market and to overseas markets, including the United States, Southeast Asia and China.
SHINWA CO., LTD. 
