Makino Milling Machine Co., Ltd. announces an Equity Buyback for 295,000 shares, representing 1.22% for ?1,000 million.
December 03, 2021 at 11:30 am IST
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Makino Milling Machine Co., Ltd. (TSE:6135) announces a share repurchase program. Under the program, the company will repurchase 295,000 shares, representing 1.22% of its share capital, for ?1,000 million. The company will repurchase its shares in order to enable the execution of agile capital policies in response to changes in the business environment. The program will run until March 31, 2022. As of September 30, 2021, the company had 24,189,911 shares outstanding (excluding treasury shares) and 703,930 shares in treasury.
Makino Milling Machine Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of machine tools. The Company operates through four business segments. The Company mainly manufactures, sells and engineering flexible production system equipment, designs, manufactures, sells and repairs machine tool control devices, installs and after-sale services for machine tools and sells repair parts. The Company also manufactures and develops machine tool peripherals, manufactures, sells, repairs, packs, and provides insurance agency services for machine tools. The main regions are Japan, Korea, China, Oceania, Russia, Norway, Southeast Asia (ASEAN), India, United Kingdom, North and South America, and Continental Europe (excluding Norway).
MAKINO MILLING MACHINE CO., LTD. 
