Sonocom Co.,Ltd. announces an Equity Buyback for 300,000 shares, representing 7.66% for ¥172.8 million.
August 07, 2016
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Sonocom Co.,Ltd. (JASDAQ:7902) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 7.66% of its outstanding shares at a price of ¥576 per share for ¥172.8 million. The company will repurchase its shares through Off-auction Own Share Repurchase. The purpose of the program is to enable the implementation of a flexible capital policy corresponding to changes in the business environment. The program will be valid until August 9, 2016. As of August 8, 2016, the company had 3,914,864 shares outstanding and 1,085,036 shares in treasury.
SONOCOM CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of screen masks and photo masks for electronic industry. The Company operates through two business segments. The Screen Mask segment is mainly engaged in the manufacture and sale of screen masks for electronic components producing and printed circuit board surfaces mounting. The Photo Mask segment is mainly engaged in the manufacture and sale of photo masks for display element production. The Company is also engaged in the purchase and sale of printing machine, squeegees and other screen printing equipment.
SONOCOM CO.,LTD. 
