Tranche Update on Nippon Tungsten Co., Ltd.'s Equity Buyback Plan announced on February 12, 2020.
July 01, 2020 at 11:30 am IST
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From April 1, 2020 to June 30, 2020, the company has repurchased 19,000 shares, representing 0.78% for ¥33.69 million. With this, the company has completed the repurchase of 28,700 shares, representing 1.18% for ¥52.09 million under the buyback announced on February 12, 2020.
Nippon Tungsten Co., Ltd. is a Japan-based company primarily engaged in manufacturing and sale of machine parts, electrical parts and other related business. The Company operates in two segments. The Machine Parts segment is engaged in manufacturing and sales of magnetic head substrates, NT die cutters, automation and labor saving equipment, etc. The Electrical Parts segment is engaged in manufacturing and sales of tungsten wires, electrical contacts, electrodes etc. Other businesses include building management, insurance agent business, etc.