Takamatsu Machinery Co., Ltd. announces an Equity Buyback for 110,000 shares, representing 1.01% for ?100 million.
October 29, 2021 at 11:30 am IST
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Takamatsu Machinery Co., Ltd. (TSE:6155) announces a share repurchase program. Under the program, the company will repurchase 110,000 shares, representing 1.01% of its share capital, for ?100 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. The program will run until March 31, 2022. As of September 30, 2021, the company had 10,905,187 shares outstanding (excluding treasury shares) and 114,813 shares in treasury.
TAKAMATSU MACHINERY CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of machine tools and other industrial machines. The Company operates in three business segments. The Machine Tools segment is engaged in the manufacture, sale and the provision of maintenance services of computer numerically controlled (CNC) lathes, as well as the manufacture and sale of parts and collet chucks. The Information Technology (IT)-related Manufacturing Equipment segment is engaged in the manufacture of IT-related manufacturing equipment. The Automobile Parts Processing segment is engaged in the processing of automobile parts.
TAKAMATSU MACHINERY CO., LTD. 