Mitsui High-tec, Inc. announces an Equity Buyback for 350,000 shares, representing 0.95% for ¥700 million.
December 12, 2019 at 12:00 pm IST
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Mitsui High-tec, Inc. (TSE:6966) announces a share repurchase program. Under the program, the company will repurchase 350,000 shares, representing 0.95% of the outstanding shares for ¥700 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 January 10, 2020. As of November 30, 2019, the company had 36,905,219 shares outstanding and 2,561,646 shares in treasury.
Mitsui High-tec, Inc. is a Japan-based company mainly engaged in the manufacture and sale of molds, electronic parts, electrical parts and machine tools. The Company operates through four business segments. The Mold segment is engaged in the manufacture and sale of stampers. The Electronic Components segment is engaged in the manufacture and sale of lead frames and integrated circuit (IC) assembly products. The Electrical Components segment is engaged in the manufacture and sale of motor core mold products. The Machine Tool segment is engaged in the manufacture and sale of surface grinders.
MITSUI HIGH-TEC, INC. 
