Trinity Industrial Corporation announces an Equity Buyback for 2,000,000 shares, representing 10.99% for ¥1,900 million.
November 29, 2017 at 07:00 am
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Trinity Industrial Corporation (TSE:6382) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 shares, representing 10.00% of the outstanding shares, at ¥890 per share for ¥1,900 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. As of November 29, 2017, the company had 18,023,027 shares outstanding and 16,973 shares in treasury.
TRINITY INDUSTRIAL CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of equipment and automobile components. The Company has two business segments. The Equipment segment is engaged in the design, manufacture and sale of coating plant equipment such as pre-treatment systems, electrolytic coating systems, painting booths, drying ovens, air ventilation devices, exhaust-gas treatment equipment and conveyers, coating equipment such as electrostatic equipment, automatic coating systems, coating supply systems, automatic paint recoloring equipment and others, as well as industrial machines such as heat treating furnaces, autoclaves, electrostatic oiling machines, coating dryers, washers, leak testers, ultra filter (UF) and reverse osmosis (RO) equipment. The Automobile Components segment is engaged in the manufacture and sale of automotive interior and exterior products such as steering handles, door switch bases, center clusters and side mudguards.
TRINITY INDUSTRIAL CORPORATION 
