Yodogawa Steel Works, Ltd. announces an Equity Buyback for 400,000 shares, representing 1.35% for ¥761.6 million.
August 04, 2020 at 08:00 am
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Yodogawa Steel Works, Ltd. (TSE:5451) announces a share repurchase program. Under the program, the company will repurchase 400,000 shares, representing 1.35% of its share capital, at ¥1,904 per share for ¥761.6 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. As of August 4, 2020, the company had 29,613,854 shares outstanding (excluding treasury shares) and 6,223,376 shares in treasury.
Yodogawa Steel Works, Ltd. is a Japan-based company principally engaged in the manufacture, processing and sale of iron and steel products. The Company operates in four business segments. The Steel Sheets-related segment manufactures and sells coated steel sheets, galvanized steel sheets and cold-rolled steel products. The Roll segment is engaged in the manufacture and sale of steel rolls, non-ferrous rolls, etc. The Grating segment is engaged in the manufacture and sale of gratings. The Real Estate segment is engaged in the leasing and sale of real estate. Other businesses include sale of mechanical plants, power distribution projects by solar power generation, etc.
YODOGAWA STEEL WORKS, LTD. 
