Suzumo Machinery Company Limited announces an Equity Buyback for 20,000 shares, representing 0.31% for ¥30.72 million.
February 10, 2021 at 07:30 am
Suzumo Machinery Company Limited (JASDAQ:6405) announces a share repurchase program. Under the program, the company will repurchase up to 20,000 shares, representing 0.31% of the outstanding shares for ¥30.72 million. The shares will be repurchased at a price of ¥1536 per share. The purpose of the program is to maintain a flexible capital policy that responds to changes in the business environment. The program will expire on February 12, 2021. As of December 31, 2020, the company had 6,464,642 shares (excluding treasury stock) outstanding and 15,358 shares in treasury.