Kurimoto Ltd. announces an Equity Buyback for 490 shares, for ¥0.93 million.
October 26, 2016
Share
Kurimoto Ltd. (TSE:5602) announces a share repurchase program. Under the program, the company will repurchase 490 shares for ¥0.93 million. The purchase price will be the average share price of company common shares in the Tokyo Stock Exchange on the purchase date. Fractional shares will be purchased following the share merger carried out on October 1, 2016.
Kurimoto, Ltd. is a Japan-based company mainly engaged in the manufacture and sale of products for pipe system business, mechanical system business and industrial construction materials business. The Company operates through three business segments. The Pipe System segment is involved in the production of ductile iron pipes and accessories, regulating valves, as well as the incidental work. The Machine System segment is involved in the production of various powder equipment, presses and other industrial machines, special cast iron and cast steel, as well as the incidental construction and plant engineering business. The Industrial Construction Materials segment is involved in the production of various types of ducts, polycon fiber reinforced plastic (FRP) pipes, various synthetic resin molded products, as well as the incidental construction business.