Nakanippon Casting Co.,Ltd announces an Equity Buyback for 20,000 shares, representing 0.87% for ?10.74 million.
December 06, 2021 at 02:30 am
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Nakanippon Casting Co.,Ltd (NSE:6439) announces a share repurchase program. Under the program, the company will repurchase up to 20,000 shares, representing 0.87% for ?10.74 million. The shares will be repurchased at a price of ?537 per share. The purpose of the program is to improve capital efficiency and return profits to shareholders, and to implement agile capital policies that respond to changes in the business environment. The program will expire on December 7, 2021. As of September 30, 2021, the company had 2,286,316 shares in issue (excluding treasury stock) and 19,984 shares in treasury.
NAKANIPPON CASTING CO., LTD is a Japan-based company mainly engaged in casting business. The Company is engaged in the manufacture and sale of casting parts such as automotive parts, hydraulic parts, general-purpose engine parts, electric parts, and pump parts. Automotive parts include continuously variable transmission (CVT) covers, carrier rear planets, and housing bearings. Hydraulic components include pump cases, valve housings, and valve casings. The vacuum pump components include side covers.