Shinko Shoji Co., Ltd. announces an Equity Buyback for 500,000 shares, representing 2.19% for ¥800 million.
January 31, 2017 at 01:58 am
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Shinko Shoji Co. Ltd. (TSE:8141) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 2.19% stake for ¥800 million. The company is repurchasing its shares through market purchases in Tokyo Stock Exchange. The company will repurchase its shares in order to implement a flexible capital policy which responds to changes in the business environment. The repurchase program will be valid till March 31, 2017. As of December 31, 2016, the company had 22,847,550 shares outstanding excluding treasury shares, and 2,007,733 shares in treasury.
Shinko Shoji Co., Ltd. is principally engaged in the sale, import and export of electronic components and assembly products. The Company operates in three business segments. The Electronic Components segment offers integrated circuits, semiconductor devices, circuit components, liquid crystal displays (LCDs), and other electronic components. The main products include microcomputers, system large-scale integrated circuits, memories, semiconductors, capacitors, ferrite cores, color LCDs and general electronic components. The Assembly segment offers assembly products. The Others segment is engaged in the sale of electronic equipment and contract development of microcomputer software. The main products include workstation server and computer peripherals.
SHINKO SHOJI CO., LTD. 
