Iwasaki Electric Co., Ltd. announces an Equity Buyback for 330,000 shares, representing 4.35% for ¥500 million.
May 19, 2021 at 11:30 am IST
Iwasaki Electric Co., Ltd. (TSE:6924) announces a share repurchase program. Under the program, the company will repurchase 330,000 shares, representing 4.35% of its share capital, for ¥500 million. The company will repurchase its shares in order to carry out agile capital policies in response to changes in the business environment. The program will run until March 31, 2022. As of March 31, 2021, the company had 7,587,190 shares outstanding (excluding treasury shares) and 159,710 shares in treasury.