Enplas Corporation announces an Equity Buyback for 500,000 shares, representing 3.91% for ¥1,500 million.
January 04, 2019 at 11:30 am IST
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Enplas Corporation (TSE:6961) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 3.91% of the outstanding shares for ¥1,500 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until April 26, 2019. As of November 30, 2018, the company had 12,795,061 shares outstanding and 5,437,836 shares in treasury.
ENPLAS CORPORATION is mainly engaged in the manufacture, processing and sale of various products made of engineering plastics and composite materials. The Company operates in three business segments. The Engineering Plastic segment manufactures and sells mechanical products used for high-precision gear-based office automation (OA) and telecommunications devices, among others. The Semiconductor Equipment segment offers integrated circuit (IC) sockets and others. The Optical segment offers optical communication devices and light-emitting diode (LED). The others business engages in the research and development related to the Company's businesses.
ENPLAS CORPORATION 
