Punch Industry Co., Ltd. announces an Equity Buyback for 200,000 shares, representing 0.91% for ¥200 million.
November 09, 2018 at 04:00 am
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Punch Industry Co., Ltd. (TSE:6165) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 0.91% of its share capital, for ¥200 million. The company will repurchase its shares in order to implement a flexible capital policy which responds to changes in the business environment, and to prepare for the exercise of warrants allocated to company officers as share compensation-type stock options. The share repurchase program will run until December 5, 2018. As of September 30, 2018, the company had 21,942,066 shares outstanding (excluding treasury shares) and 180,334 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. 
