Punch Industry Co., Ltd. announces an Equity Buyback for 100,000 shares, representing 0.9% for ¥100 million.
August 08, 2016
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Punch Industry Co., Ltd. (TSE:6165) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 0.9% of the outstanding shares, for ¥100 million. Shares will be repurchased through market repurchase through trust method. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and in preparation for the exercise of warrants allocated to company executives as share-based compensation-type stock options. The program will run until November 9, 2016. As of March 31, 2016, the company had 11,061,200 shares outstanding and 0 shares in treasury.
PUNCH INDUSTRY CO., LTD. is principally engaged in the manufacture and distribution of molds. The Company's main products are comprised of plastic molds, which are used for the manufacture of plastic products, such as the outer frame of digital cameras and mobile phones, as well as pressed molds, which are manufactured by pressing machinery. The main products manufactured by the Company include sprue bushings, gate bushings, ejector pins and other plastic molds, as well as guide bushes for die sets, punches, stripper guides and other pressed molds.
PUNCH INDUSTRY CO., LTD. 
