Aichi Electric Co., Ltd. announces an Equity Buyback for 213 shares.
October 30, 2016
Share
Aichi Electric Co., Ltd. (NSE:6623) announces a share repurchase program. Under the program, the company will repurchase 213 shares. The purchase price will be the closing share price of company common shares in the Nagoya Stock Exchange on the purchase date. Fractional shares will be purchased following the share merger carried out on October 1, 2016.
AICHI ELECTRIC CO., LTD. is a Japan-based company principally engaged in the manufacture of electrical equipment such as power transformers. The Company operates its business through two business segments. The Power Equipment segment manufactures and sells transformers and control equipment, and it also undertakes power equipment construction, including construction related to power generation, transformation, transmission and communication. The Rotating Machinery segment manufactures and sells small motors (such as hermetic motors), actuators, shutter switches, and printed wiring boards. The Company is also involved in security services and insurance services.