Totetsu Kogyo Co., Ltd. announces an Equity Buyback for 300,000 shares, representing 0.85% for ¥900 million.
November 07, 2016
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Totetsu Kogyo Co., Ltd. (TSE:1835) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 0.85% of the outstanding shares for ¥900 million. Shares will be repurchased through market purchase by trust method. The purpose of the program is to improve shareholder returns. The program will run until November 30, 2016. As of September 30, 2016, the company had 35,328,466 shares outstanding and 771,534 shares in treasury.
TOTETSU KOGYO CO., LTD. is a Japan-based company mainly engaged in the construction business. The Company operates through two business segments. The Civil Engineering segment is engaged in the plan, design, construction, supervision and other businesses related to general civil engineering work. The Construction segment is engaged in the plan, design, construction, supervision and other businesses related to general construction work. The Company is also engaged in the leasing business of commercial buildings, the environmental business, including the power generation business, the greening business, and the crushed stone recycling business, as well as the production, inspection and maintenance business of track maintenance machines, the manufacture and sale of railway-related products, and the railway-related consulting business.
TOTETSU KOGYO CO., LTD. 
