Yamaichi Electronics Co.,Ltd. announces an Equity Buyback for 400,000 shares, representing 1.93% for ¥700 million.
May 12, 2023 at 07:00 am
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Yamaichi Electronics Co.,Ltd. (TSE:6941) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.93% of its issued share capital (excluding treasury stock), for ¥700 million. The purpose of the program is execution of flexible capital policy and improvement of capital efficiency in response to changes in the business environment.
The program will run until September 30, 2023. As of March 31, 2023, the company had 20,736,352 shares in issue (excluding treasury stock) and 2,593,423 shares in treasury.
YAMAICHI ELECTRONICS CO., LTD. is mainly engaged in the manufacture and sale of integrated circuit (IC) sockets and structure components. The Test Solution segment is involved in the provision of burn-in sockets, test sockets, probe pins, probe cards, as well as semiconductor test-related services. The Connector Solution segment is involved in the provision of various connectors and IC sockets for mounting use. The Optical-related segment offers filter products for optical equipment and optical communications. The Electronics Manufacturing Service (EMS) segment is engaged in the manufacture and sale of liquid-crystal-related components, as well as the assembling of printed boards for hard disc drives(HDD) and printers.
Yamaichi Electronics Co.,Ltd. announces an Equity Buyback for 400,000 shares, representing 1.93% for ¥700 million.
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