Tranche Update on Star Micronics Co., Ltd.'s Equity Buyback Plan announced on January 10, 2018.
January 22, 2018 at 11:30 am IST
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From January 10, 2018 to January 19, 2018, the company has repurchased 258,600 shares, representing 0.7% for ¥599.78 million. With this, the company has completed the repurchase of 258,600 shares, representing 0.7% for ¥599.78 million under the buyback announced on January 10, 2018.
STAR MICRONICS CO.,LTD. is a Japan-based company centered on manufacturing and assembly of small sized precision components and equipment. The Company operates in three segments. The Special Products segment is engaged in manufacturing and sales of small printers. The Machine Tools segment is engaged in manufacturing and sales of machine tools like computerized numerical control (CNC) automatic lathes. The Precision Products segment is engaged in manufacturing and sales of wristwatch components and various components used in automobiles, air conditioners, hard disk drives (HDD) and medical. The Company operates in Japan, the United States, China, Germany, etc.