HKS Co., Ltd. announces an Equity Buyback for 15,000 shares, representing 2.08% for ¥48 million.
January 22, 2019 at 02:30 am
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HKS Co., Ltd. (JASDAQ:7219) announces a share repurchase program. Under the program, the company will repurchase 15,000 shares, representing 2.08% of the outstanding shares for ¥48 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of January 22, 2019, the company had 721,205 shares outstanding and 78,795 shares in treasury.
HKS CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of automobile parts and ultralight plane engines. The Automobile-related Parts segment manufactures and sells mufflers, electronic parts, turbo chargers, suspensions, cryogenic and engine parts, among others. This segment distributes its products in domestic market and to overseas markets. Through its subsidiary, the Company is also engaged in the processing of parts for automobile manufacturers. The Others segment is involved in the manufacture and sale of ultralight plane engines and others.
HKS CO., LTD. 
