Takamatsu Machinery Co., Ltd. announces an Equity Buyback for 80,000 shares, representing 0.74% for ¥120 million.
November 09, 2018 at 06:00 am
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Takamatsu Machinery Co., Ltd. (TSE:6155) announces a share repurchase program. Under the program, the company will repurchase up to 80,000 shares, representing 0.74% of its share capital, for ¥120 million. The company will repurchase its shares in order to implement a flexible capital policy which responds to changes in the business environment. The share repurchase program will run until March 29, 2019. As of September 30, 2018, the company had 10,833,256 shares outstanding (excluding treasury shares) and 186,744 shares in treasury.
TAKAMATSU MACHINERY CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of machine tools and other industrial machines. The Company operates in three business segments. The Machine Tools segment is engaged in the manufacture, sale and the provision of maintenance services of computer numerically controlled (CNC) lathes, as well as the manufacture and sale of parts and collet chucks. The Information Technology (IT)-related Manufacturing Equipment segment is engaged in the manufacture of IT-related manufacturing equipment. The Automobile Parts Processing segment is engaged in the processing of automobile parts.