Cosel Co., Ltd. announces an Equity Buyback for 1,000,000 shares, representing 2.81% for ¥1,000 million.
June 18, 2019 at 10:00 pm
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Cosel Co., Ltd. (TSE:6905) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 2.81% of the outstanding shares for ¥1,000 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. The program will run until October 31, 2019. As of May 20, 2019, the company had 35,544,503 shares outstanding and 1,667,497 shares in treasury.
COSEL CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of direct current (DC) stabilizing power supplies. The Company operates in five business segments. The Japan Production and Sales segment is engaged in the manufacture and sale of unit power supply, on-board power supply and noise filter, as well as manufacture of parts (transformers) used for power supplies. The North America Sales segment and Asia Sales segment are engaged in the manufacture and sale of unit power supply, on-board power supply and noise filter. The Europe Sales segment is engaged in the manufacture and sale of unit power supply, on-board power supply and noise filter, as well as own products. The China Production and Sales segment is engaged in manufacture of unit power supply and exports unit power supplies produced in China to sales companies.
COSEL CO., LTD. 
