Furuya Metal Co., Ltd.'s Equity Buyback in the amount of ¥300 mm has expired
April 30, 2013 at 05:00 am
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The Board of Directors of Furuya Metal Co., Ltd. (JASDAQ:7826) authorized a share repurchase program on September 27, 2012. Under the program, the company will repurchase up to 50,000 shares, representing 0.69% of its issued share capital, for a total cost of up to ¥150 million. Shares will be repurchased on market from the Osaka Securities Exchange. The purpose of the repurchase program is to enable the implementation of a flexible capital policy corresponding to changes in the business environment. The plan will commence on October 1, 2012 and will continue until April 30, 2013. As of June 30, 2012, the company has 7,238,562 shares outstanding and 26,650 shares held in treasury.
On February 7, 2013, the company announced that it has increased the authorization the repurchase shares to 100,000 shares for ¥300 million.
Furuya Metal Co., Ltd.'s share repurchase program expired on April 30, 2013. Under the program, the company repurchased 85,200 shares, representing 1.18% of its shares, for ¥205.95 million.
FURUYA METAL CO.,LTD is a Japan-based company engaged in manufacturing and sales of industrial precious metal products. The Company operates in four business segments. The Electronic segment is engaged in manufacturing and sales of electronic components used in electronic products. The Thin Film segment is engaged in manufacturing and sales of precious metal targets used for thin film. The Sensor Segment is engaged in manufacturing and sales of temperature sensor used for semiconductor equipment. The Other business segment is engaged in manufacturing and sales of precious metal compound, as well as collection and purification of precious metal.
FURUYA METAL CO., LTD. 
