Fukoku Co.,Ltd. announces an Equity Buyback for 140,000 shares, representing 0.84% for ¥133 million.
February 27, 2017
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Fukoku Co.,Ltd. (TSE:5185) announces a share repurchase program. Under the program, the company will repurchase 140,000 shares, representing 0.84% of the outstanding shares, at ¥950 per share for ¥133 million. Shares will be repurchased through the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the program is to enhance capital efficiency and to enable the implementation of a flexible capital policy in response to changes in the business environment. As of September 30, 2016, the company had 16,687,833 shares outstanding and 921,297 shares in treasury.
Fukoku Co., Ltd. operates in five business segments, including Functional Products, Anti-vibration, Medal Processing, Hoses and New business. The Functional Products segment manufactures and sells seal components and wiper blade rubber products. The Anti-vibration segment manufactures and sells dampers and mounts. The Medal Processing segment is engaged in the manufacture and sale of medal components for truck and construction machinery use. The Hoses segment is involved in the manufacture and sale of rubber products, such as hoses. The New segment manufactures and sells office automation, medical care, motors and urethane products.
FUKOKU CO.,LTD. 
