Tranche Update on Nippon Tungsten Co., Ltd.'s Equity Buyback Plan announced on February 12, 2020.
September 01, 2020 at 02:00 am
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From July 1, 2020 to August 31, 2020, the company has repurchased 8,700 shares, representing 0.36% for ¥15.7 million. With this, the company has completed the repurchase of 37,400 shares, representing 1.54% for ¥67.79 million under the buyback announced on February 12, 2020.
Nippon Tungsten Co., Ltd. is a Japan-based company primarily engaged in manufacturing and sale of machine parts, electrical parts and other related business. The Company operates in two segments. The Machine Parts segment is engaged in manufacturing and sales of magnetic head substrates, NT die cutters, automation and labor saving equipment, etc. The Electrical Parts segment is engaged in manufacturing and sales of tungsten wires, electrical contacts, electrodes etc. Other businesses include building management, insurance agent business, etc.