Takamatsu Machinery Co., Ltd. announces an Equity Buyback for 220,000 shares, representing 2% for ¥230 million.
May 09, 2017 at 02:35 am
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Takamatsu Machinery Co., Ltd. (TSE:6155) announces a share repurchase program. Under the plan, the company will repurchase up to 220,000 shares, representing 2% stake for ¥230 million. The company will repurchase its shares in order to implement a flexible capital policy which responds to changes in the business environment. The shares will be repurchased till December 29, 2017. As of March 31, 2017, the company had 10,991,299 shares outstanding (excluding treasury shares) and 28,701 shares in treasury.
TAKAMATSU MACHINERY CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of machine tools and other industrial machines. The Company operates in three business segments. The Machine Tools segment is engaged in the manufacture, sale and the provision of maintenance services of computer numerically controlled (CNC) lathes, as well as the manufacture and sale of parts and collet chucks. The Information Technology (IT)-related Manufacturing Equipment segment is engaged in the manufacture of IT-related manufacturing equipment. The Automobile Parts Processing segment is engaged in the processing of automobile parts.
TAKAMATSU MACHINERY CO., LTD. 
