Hosokawa Micron Corporation announces an Equity Buyback for 100,000 shares, representing 1.22% for ¥600 million.
November 09, 2018 at 06:20 am
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Hosokawa Micron Corporation (TSE:6277) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 1.22% of its share capital, for ¥600 million. The company will repurchase its shares in order to enhance shareholder returns, improve capital efficiency, and implement a flexible capital policy which responds to the business environment. The share repurchase program will run until November 30, 2018. As of September 30, 2018, the company had 8,191,737 shares outstanding (excluding treasury shares) and 423,532 shares in treasury.
HOSOKAWA MICRON CORPORATION is a Japan-based company mainly engaged in the powder related business and the plastic thin film related business. The Company operates through two business segments. The Powder-related segment provides crushing and classification equipment, mixing and drying equipment, particle design and granulation equipment, measuring equipment and lab equipment, dust collection equipment, containment equipment, powder processing contracts and functional composite materials. The Plastic Thin Film related segment is engaged in the development, manufacture and sale of various types of plastic multilayer high-performance film thin film production equipment. The main products are fine pulverizers, ultra-fine pulverizers, classifiers, mixers, dryers, nano composite particle manufacturing equipment, granulators, measuring machines, dust collectors, safety booths and isolators.