TSUGAMI CORPORATION : 1/17/2014 Decision to Acquire Treasury Stock
January 17, 2014 at 08:41 am IST
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For Immediate Release
Company Name: TSUGAMI CORPORATION
January 17, 2014
Representative: Takao Nishijima, Chairman and CEO (Stock Code: 6101, Tokyo Stock Exchange, First Section)
Contact: Keiji Hayazaki, Senior Executive Officer, Administration
Notice of Decision to Acquire Treasury Stock
(Treasury Stock Acquisition under the Articles of Incorporation Pursuant to Article 165, Paragraph 2 of the Companies Act)
TSUGAMI CORPORATION announced today that the treasury stock acquisition period, which was set based on the Board of Directors meeting held on October 15, 2013 has expired.
TSUGAMI CORPORATION also announced that a meeting of its Board of Directors held on January 17, 2014, under Article 156 of the Companies Act applied by the reading of terms under Article 165, Paragraph 3 of the same act, has again passed a resolution concerning the acquisition of treasury stock.
1. Reason for the acquisition of treasury stock
The Company will acquire treasury stock to execute flexible capital policies in response to changes in the business environment.
2. Matters related to the acquisition of treasury stock
(1) Type of stock to be acquired: Common stock of the Company
(2) Number of shares that can be acquired: 1,500,000 (maximum)
(2.07% of the number of shares outstanding(excluding treasury stock) ) (3) Total acquisition cost: 950 million yen (maximum)
(4) Acquisition period: From January 17, 2014 to April 11, 2014
3. Content of the resolution on October 15, 2013 and actual results of acquisition
TSUGAMI CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of automatic lathes, grinders, machining centers, rolling machines. The Company operates through Japan, China, India, Korea and other region five geography segments. The Company is also engaged in the related research and other services. The products include CNC precision automatic lathes, including independent opposed gang tool type, opposed gang tool type, gang-tool slede & turret and chuck work; CNC lathes, including M08JL8-II, M06JC-II; turning centers, including TMA8J, TMA8H and TMA8F; machining centers, including vertical machining centers and horizontal machining centers; grinding machines, including CNC cylindrical grinding machines and small grinding machines; rolling machines, including CNC precision rolling machines and precision rolling machines.
TSUGAMI CORPORATION 
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