Shirai Electronics Industrial Co., Ltd. announces an Equity Buyback for 200,000 shares, representing 1.43% for ?60 million.
November 30, 2021 at 06:30 am
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Shirai Electronics Industrial Co., Ltd. (JASDAQ:6658) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 1.43% of its issued share capital (excluding treasury stock), for a total purchase price of ?60 million. The purpose of the program is to implement agile capital policies in response to improvements in capital efficiency and changes in the business environment. The program will continue through March 31, 2022. As of October 31, 2021, the company had 13,974,587 issued shares (excluding treasury stock) and 1,413 treasury shares.
Shirai Electronics Industrial Co., Ltd. is primarily engaged in design, manufacture and sale of printed wiring boards. The Company operates in two business segments. The Printed Wiring Boards segment primarily manufactures and sells double-sided and multilayer printed wiring boards for use in vehicle electronics, digital household appliances, electronic applications, home appliance, communication and office related equipment. The Inspection Machine and Solution segment is engaged in development, sale and maintenance of printed wiring board visual inspection machines and various solution support products. The others business includes transportation business and temporary staffing business.