Nippon Seiki Co., Ltd. announces an Equity Buyback for 1,750,000 shares, representing 2.9% for ¥1,500 million.
November 10, 2023 at 02:00 am
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Nippon Seiki Co., Ltd. (TSE:7287) announces a share repurchase program. Under the program, the company will repurchase up to 1,750,000 shares, representing 2.90% of its issued share capital, for ¥1,500 million. The purpose of the program is to return profits to shareholders by implementing flexible capital policies in response to changes in the business environment and improving capital efficiency.
NIPPON SEIKI CO., LTD. is a manufacturing company that operates in four business segments. The Automobile and General Instrument segment offers measuring gauges for four-wheel and two-wheel vehicles, head-up displays, general measuring gauges and various sensors. The Consumer Equipment segment offers operating panels for office automation (OA) and information equipment, controllers for air-conditioning and household equipment, assemblies for factory automation (FA) and amusement units, as well as high-density mounting boards. The Automobile Sales segment is engaged in the sale of new and secondhand automobiles, and the provision of car inspection and maintenance services. The Others segment is engaged in the transportation of cargoes, the development and sale of software, the entrusted accounting business, and the processing and sale of resin materials, the providing of displaying elements and modules for liquid crystal and organic electroluminescence (EL), among others.
NIPPON SEIKI CO., LTD. 
