Yushin Precision Equipment Co., Ltd. announces an Equity Buyback for 1,000,000 shares, representing 2.85% for ¥1,000 million.
February 07, 2019 at 11:30 am IST
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Yushin Precision Equipment Co., Ltd. (TSE:6482) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 2.85% for ¥1,000 million. The purpose of the program is to improve shareholder returns and to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until June 26, 2019. As of December 31, 2018, the company had 34,973,942 shares outstanding and 664,124 shares in treasury.
YUSHIN PRECISION EQUIPMENT CO.,LTD. is a Japan-based company engaged in the development, manufacture and sale of take-out robots, other industrial equipment and systems for automating and streamlining operation of plastic injection molding plants. The Company operates through four geographic segments including Japan, the United States, Asia and Europe. The Company is mainly engaged in development, manufacture and sale of peripheral equipment including take-out robots for picking molded products from injection molding machines and labor saving systems, as well as the provision of after-sales service. The Company's main products are take-out robots for injection-molded plastic products, automated stock systems and labor-saving automation equipment, among others.
YUSHIN PRECISION EQUIPMENT CO., LTD. 
