TOCALO Co.,Ltd. announces an Equity Buyback for 2,000,000 shares, representing 3.29% for ¥2,000 million.
May 10, 2023 at 02:00 am
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TOCALO Co.,Ltd. (TSE:3433) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 3.29% of its total shares outstanding (excluding treasury shares), for a total of ¥2,000 million. The purpose of repurchase program is to enhance shareholder returns by implementing agile and flexible capital policies.
The repurchase program is valid till December 22, 2023. As of March 31, 2023, the company had 60,847,155 shares outstanding (excluding treasury shares) and had 2,352,845 shares in treasury.
TOCALO Co., Ltd. mainly develops and provides thermal decomposition (TD) processing, ZAC coating processing, plasma transferred arc (PTA) processing, physical vapor deposition (PVD) processing business, with a focus on thermal spray coatings. The Company operates in two business segments. The Thermal Spray Coatings segment provides spray processing for semiconductor and parts of flat panel display (FPD) manufacturing equipment, gas turbines for power generation and batteries for electric power storage, various bearings and other parts for industrial machinery, steel rolls and papermaking rolls, as well as chemical plant parts and other equipment parts. The Domestic Subsidiary segment is engaged in PVD processing for cutting tools, blades, automobile molds and others.
TOCALO CO.,LTD. 
