Eagle Industry Co.,Ltd. announces an Equity Buyback for 3,000,000 shares, representing 6.03% for ¥6,600 million.
August 02, 2023 at 11:30 am IST
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Eagle Industry Co.,Ltd. (TSE:6486) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 6.03% of its share capital, for ¥6,600 million worth of its shares. As of June 30, 2023, the company had 49,757,821(excluding treasury stock) shares in issue and 465 shares in treasury.
EAGLE INDUSTRY CO., LTD. is a Japan-based company principally engaged in the manufacture and sale of mechanical seals, special valves and other sealing device-related products. The Company operates in four business segments. Automobile and Construction Machinery Industry Related segment manufactures and sells mechanical seals (shaft seals) and special valves for automobiles and construction machinery, as well as special valves for the electric power industry. General Industrial Machinery and Semiconductor Industry Related segment manufactures and sells mechanical seals (shaft seals) for industrial machinery, oil refining, and chemical plant industries, as well as precision bellows products. Marine Industry Related segment manufactures and sells stern tube seals (shaft seals) and bearings. Aerospace Industry Related segment manufactures and sells various seals (shaft seals), as well as pressure sensors for aircraft and rocket engines.