Alps Alpine Co., Ltd. announces an Equity Buyback for 20,000,000 shares, representing 9.14% for ¥28,400 million.
January 29, 2019 at 07:16 pm IST
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Alps Alpine Co., Ltd. (TSE:6770) announces a share repurchase program. Under the program, the company will repurchase up to 20,000,000 shares, representing 9.14% of its outstanding shares (excluding treasury shares) for ¥28,400 million. The purpose of share repurchase program is to improve capital efficiency and respond to dilution that may occur due to the business integration and share exchange between the company and Alpine Electronics, Inc. The repurchase program will expire on June 28, 2019. As of January 1, 2019, the company had 218,882,081 shares outstanding and 399,369 shares in treasury.
Alps Alpine Co., Ltd. specializes in the production and marketing of electromechanical components. Net sales break down by family of products and services as follows:
- electronic components (52.4%): mobile phones, household items and industrial equipment components (switches, connectors, encoders, captors, etc.);
- audio and communication equipment for automotive (37.8%);
- logistics services (8.2%);
- other (1.6%).
Net sales are distributed geographically as follows: Japan (19%), China (19.2%), Americas (16.5%), Germany (10.7%), and other (34.6%).
ALPS ALPINE CO., LTD 
