Sec Carbon, Limited announces an Equity Buyback for 37,700 shares, representing 0.92% for ¥500 million.
August 08, 2018 at 03:30 am
Share
Sec Carbon, Limited (TSE:5304) announces a share repurchase program. Under the program, the company will repurchase up to 37,700 shares, representing 0.92% of its share capital, at ¥13,240 per share for ¥500 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy which responds to changes in the business environment. As of June 29, 2018, the company had 4,103,855 shares outstanding (excluding treasury shares) and 35,013 shares in treasury.
SEC CARBON, LIMITED is a Japan-based company mainly engaged in the manufacture and sale of carbon and steel products. The Company is engaged in the manufacture and sale of carbon products such as artificial graphite electrodes, cathode blocks for smelting aluminum, special carbon products, powdered products and other carbon products, as well as steel products by electric furnace steelmaking. The Company is also engaged in the purchase and sale of carbon products, and the contract works on the factory premises.