Yashima Denki Co., Ltd. announces an Equity Buyback for 200,000 shares, representing 0.94% for ¥200.2 million.
September 21, 2022 at 03:30 am EDT
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Yashima Denki Co., Ltd. (TSE:3153) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 0.94% of its issued share capital (excluding treasury stock), for a total purchase price of ¥200.2 million. The shares will be repurchased at a price of ¥1,001 per share.
The purpose of the program is to improve capital efficiency and implement agile capital policies in response to changes in the business environment. As of March 31, 2022, the company has 21,330,761 issued shares (excluding treasury stock) and had no shares in treasury .
Yashima Denki Co., Ltd. is a company mainly engaged in the provision of electrical equipment, electronic information equipment, electronic devices, industrial equipment, air conditioning related equipment and others. The Company operates in three business segments. The Plant segment sells iron and steel systems, electrical substation and distribution equipment, rolling equipment, private power generation equipment, electrical control, production management systems, and related maintenance services. The Industrial and Transportation segment mainly sells air conditioning equipment, lighting equipment, electrical substation and distribution equipment, security systems, vehicles and vehicle electrical components, station equipment related systems, and maintenance services. Electronic Devices and Components segment mainly consists of microcomputers, analog semiconductors, memories, insulated gate bipolar transistors (IGBTs), liquid crystal modules, batteries, sensors and others.
YASHIMA DENKI CO., LTD. 
