Marumae Co.,Ltd. announces an Equity Buyback for 200,000 shares, representing 1.56% for ¥400 million.
April 15, 2022 at 11:30 am IST
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Marumae Co.,Ltd. (TSE:6264) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 1.56% of the outstanding shares for ¥400 million. The purpose of the program is to improve capital efficiency as part of agile capital policy.
The program will run until May 1, 2022. As of April 15, 2022, the company had 12,808,376 shares outstanding and 244,624 shares in treasury.
Marumae Co.,Ltd. is a Japan-based company mainly engaged in the precision cutting works. The Company is engaged in the manufacture of vacuum chambers and electrodes used in flat panel display (FPD) manufacturing equipment and semiconductor manufacturing equipment. The products include semiconductor manufacturing equipment related parts, FPD manufacturing equipment related parts, and other equipment parts. The semiconductor manufacturing equipment parts are vacuum parts for semiconductor manufacturing equipment and inspection equipment. The FPD manufacturing equipment parts are vacuum devices for manufacturing equipment apparatus and inspection apparatus used in liquid crystal and organic electro luminescence (EL). The other parts consist surface processing equipment for smart phone housing, solar cell manufacturing equipment parts, motorcycle racing parts, industrial equipment parts for camera and microscope, as well as parts for medical equipment.