DMG Mori Co., Ltd. announces an Equity Buyback for 3,500,000 shares, representing 2.92% for ¥5,250 million.
January 13, 2017
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DMG Mori Co., Ltd. (TSE:6141) announces a share repurchase program. Under the program, the company will repurchase up to 3,500,000 shares, representing 2.92% of its outstanding shares excluding treasury shares for ¥5,250 million. The purpose of the program is to avoid dilution of share triggered by the disposition of treasury stock, and to effect capital efficiency and agile capital policy in view of the management environment. The repurchase of treasury stock is subject to the approval of the disposition of treasury stock at the shareholders’ meeting to be held in March 2017. The shares will be repurchased in accordance with Article 156 of the Companies Act. The program will be valid until December 31, 2017. As of September 30, 2016, the company had 132,943,683 issued shares and 12,904,908 shares in treasury.
DMG MORI CO., LTD. is a Japan-based company mainly engaged in the provision of total solutions that include machine tools, software, measuring instruments, service support, applications and engineering. The Company operates in two segments. The Machine Tool segment is engaged in the manufacture and sale of machine tools such as machining centers, turning centers, compound processing equipment and 5-axis processing equipment. The Industrial Services segment is engaged in the provision of related services for machine tools, the manufacture and sale of measurement equipment, as well as the development and sale of software such as user interfaces, technology cycles and embedded software, and hardware such as image processing products.
DMG MORI CO., LTD. 
