Yuken Kogyo Co., Ltd. announces an Equity Buyback for 50,000 shares, representing 1.23% for ¥88.9 million.
November 10, 2022 at 02:10 am EST
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Yuken Kogyo Co., Ltd. (TSE:6393) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 1.23% of its total shares outstanding (excluding treasury shares), for a total of ¥88.9 million. The shares will be repurchased at a price of ¥1,778 per share.
The purpose of repurchase program is to execute a flexible capital policy that responds to changes in the business environment. As of November 10, 2022, the company has 4,072,623 shares outstanding (excluding treasury shares) and has 438,053 shares in treasury.
YUKEN KOGYO CO., LTD. is a company mainly engaged in the manufacture and sale of hydraulic, system products and environment equipment. The Company operates in three business segments. The Japan segment, Asia segment and Europe segment are engaged in the manufacture and sale of hydraulic equipment, including hydraulic products, system products and environment equipment. The hydraulic products division is engaged in the manufacture and sale of oil pumps and motors, pressure-control valves, flow-control valves, directional-control valves and various hydraulic control equipment. The system products division is engaged in the manufacture, sale and maintenance of hydraulic systems for industrial machinery, standard hydraulic units and hydraulic cylinders. The environment equipment division is engaged in the manufacture and sale of automatic cutting compression machines, automatic polyethylene terephthalate (PET) bottles volume reduction machines, as well as automatic multi-compactors.
YUKEN KOGYO CO., LTD. 
