Takamatsu Machinery Co., Ltd. closed an Equity Buyback in the amount of ¥12.81 mm
November 11, 2012 at 11:00 pm
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The Board of Directors of Takamatsu Machinery Co., Ltd. (TSE:6155) authorized a share repurchase program on November 9, 2012. Under the program, the company will repurchase up to 30,000 shares, representing 0.3% of its issued share capital (excluding treasury shares), at a fixed price of ¥427 per share, for a total cost of ¥12.81 million. The repurchases will be done at the Tokyo Stock Exchange Off-Auction Own Shares Repurchase Trading (ToSTNeT-3). The repurchases will be done based on Article 156, in lieu of Article 165, section 3 of the Company Act. The purpose of the repurchase program is to a flexible capital policy corresponding to changes in the business environment. Due to market conditions, there is a possibility that the number of shares could not be acquired in part or in full. Repurchases will be made on November 12, 2012. As of September 30, 2012, the company has 10,919,371 shares outstanding (treasury shares excluded) and 100,629 shares held in treasury.
Takamatsu Machinery Co., Ltd. completed its share repurchase program on November 12, 2012.
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.