Japan Cash Machine Co., Ltd. announces an Equity Buyback for 1,220,000 shares, representing 4.16% for ¥2,000 million.
February 08, 2024
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Japan Cash Machine Co., Ltd. (TSE:6418) announces a share repurchase program. Under the program, the company will repurchase up to 1,220,000 shares, representing 4.16% of its share capital, for ¥2,000 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment.
The program will expire on February 29, 2024. As of January 31, 2024, the company had 29,356,724 shares in issue (excluding treasury stock) and 315,927 shares in treasury.
JAPAN CASH MACHINE CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of cash related equipment. The Company operates through four business segments. The Global Gaming segment is mainly engaged in the manufacture and sale of banknote validators and banknote circulation units for casino halls and original equipment manufacturer (OEM) customers, as well as printer products for gaming. The Overseas Commercial segment is mainly engaged in the manufacture and sale of banknote validators and banknote circulation units for overseas banking, retail and transportation markets. The Domestic Commercial segment is mainly engaged in the manufacture and sale of banknote circulation units, change equipment and currency exchange equipment for domestic banking, retail and transportation markets. The Amusement Equipment segment is mainly engaged in the manufacture and sale of ball lending equipment, medal lending equipment and other related equipment.