Hosokawa Micron Corporation announces an Equity Buyback for 200,000 shares, representing 2.39% for ¥1,000 million.
June 16, 2017 at 05:50 am EDT
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Hosokawa Micron Corporation (TSE:6277) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 2.39% of its outstanding share capital, for a total consideration of ¥1,000 million. The purpose of the program is to improve shareholder returns, enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. The program will expire on August 31, 2017. As of March 31, 2017, the company had 8,371,534 shares outstanding and 243,735 shares in treasury.
HOSOKAWA MICRON CORPORATION is a Japan-based company mainly engaged in the powder related business and the plastic thin film related business. The Company operates through two business segments. The Powder-related segment provides crushing and classification equipment, mixing and drying equipment, particle design and granulation equipment, measuring equipment and lab equipment, dust collection equipment, containment equipment, powder processing contracts and functional composite materials. The Plastic Thin Film related segment is engaged in the development, manufacture and sale of various types of plastic multilayer high-performance film thin film production equipment. The main products are fine pulverizers, ultra-fine pulverizers, classifiers, mixers, dryers, nano composite particle manufacturing equipment, granulators, measuring machines, dust collectors, safety booths and isolators.
HOSOKAWA MICRON CORPORATION 
