Maezawa Industries, Inc. announces an Equity Buyback for 400,000 shares, for ¥320 million.
July 06, 2021 at 03:00 am EDT
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Maezawa Industries, Inc. (TSE:6489) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 2.11% of its issued share capital (excluding treasury stock), for a total purchase price of ¥320 million. The purpose of the program is to improve the level of shareholder returns and to implement agile capital policies in response to changes in the business environment. The program will be valid till January 31, 2022. As of May 31, 2021, the company had 18,962,614 issued shares (excluding treasury stock) and 2,462,934 treasury shares.
Maezawa Industries, Inc. is a Japan-based company mainly engaged in the manufacture and sale of water sewage equipment and water treatment equipment, as well as the environmental business. The Company operates through three business segments. The Environmental segment is mainly engaged in the manufacture and sale of water treatment equipment for water sewage systems, industrial water treatment equipment, purification equipment for soil and groundwater pollution and organic waste recycling equipment. The Valve segment is mainly engaged in the manufacture and sale of valves, taps and gates for water sewage systems. The Maintenance segment is mainly engaged in the repair, installation and maintenance of equipment for water sewage, as well as the maintenance and operation of waste water treatment facilities for water purification factories.
MAEZAWA INDUSTRIES, INC. 
