Sun-Wa Technos Corporation announces an Equity Buyback for 300,000 shares, representing 1.87% for ¥300 million.
October 30, 2019 at 09:30 am IST
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Sun-Wa Technos Corporation (TSE:8137) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 1.87% of its share capital, for ¥300 million. The company will repurchase its shares in order to improve shareholder returns and capital efficiency, and implement a flexible capital policy in response to changes in the business environment. The program will run until March 31, 2020. As of September 30, 2019, the company had 16,042,956 shares outstanding (excluding treasury shares) and 1,044 shares in treasury.
SUN-WA TECHNOS CORPORATION is a Japan-based mainly engaged in the sale of electrical equipment, electronics and machineries. The Company operates in three business segments. The Japan segment is engaged in the sale of mechatronics-related electrical equipment and products, electronic parts and devices, office automation (OA) equipment, factory automation (FA) systems, semiconductor-related equipment, industrial robots, substrate-related devices, valve control equipment, wind and hydraulic power equipment, various testing equipment, medical equipment and others. The Asia segment and the United States and Europe segment sells electrical equipment, machineries and appliances, electronic devices and others. The other businesses include the provision of air-conditioners, and construction work services of clean energy equipment, as well as inventory management, ordering and purchase business.
SUN-WA TECHNOS CORPORATION 
