Tranche Update on Topy Industries, Limited's Equity Buyback Plan announced on December 13, 2016.
January 05, 2017
Share
From December 13, 2016 to December 31, 2016, the company has repurchased 265,700 shares, representing 1.13% for ¥791.28 million. With this, the company has completed the repurchase of 265,700 shares, representing 1.13% for ¥791.28 million under the buyback announced on December 13, 2016.
TOPY INDUSTRIES, LIMITED is an automobile and industrial machinery parts manufacturing company. The Company operates in three segments. The Steel segment is engaged in the manufacture of steel products by using electrical furnace, and the production and sale of rolled steel products including wide flange beams, standard shaped steel and deformed bars. The Automobile and Industrial Machinery Parts segment is engaged in the provision of automotive steel wheels, aluminum wheels, steel wheels for construction machinery, stamping products for automotive, industrial fasteners and industrial machine parts including undercarriage components of power shovels and bulldozers, and cutting edge of motor graders. The Power Generation segment is engaged in the power generation business and the wholesale of power. The Company is also engaged in the provision of sign systems, synthetic mica and crawler robots, civil engineer and construction business, the leasing of real estates and others.