(Buybacks Pursuant to Resolution of the Board of Directors Subject to the Provisions of Articles of Incorporation and of Article 459, Paragraph 1 of Japan's Companies Act)
Tokyo, April 26, 2019－Maxell Holdings, Ltd. (TSE: 6810) announced that the Board of Directors held today has made a resolution on particulars related to the buybacks pursuant to the provisions of Articles of Incorporation and of Article 459, Paragraph 1 of Japan's Companies Act.
1.Reason for the Buybacks
The Company regards shareholder return as one of important management efforts, and under its fundamental policy, has been stably providing reasonable level of dividend, with a reference payout ratio of 30-40%.
As announced today in "Notice on Revision of Medium-Term Plan and Shareholder Returns", along with revision of the medium-termplan, Maxell Growth 20 (hereinafter "MG20"), the Company has continuously discussed an optimal capital structure, maximization of its corporate value and improvement of ROE. As a result, the Company has come to a conclusion that the Company should enhance shareholder returns over the MG20 period (FY2019-2020)and hereby decided to implement the buybacks.
2.Details Related to the Buybacks
(1)
Type of shares to be bought:
Common Stock
(2)
Number of shares to be bought:
3,500,000 (upper limit)
(6.6% of total issued shares outstanding, excluding
treasury stock)
(3)Total value of shares to be bought:
5.0 billion yen (upper limit)
(4)
Period for purchase:
July 1, 2019 to March 30, 2020
(5) Method of purchase:
Market purchase on the Tokyo Stock Exchange
(discretionary purchase by a brokerage firm)
1
(Reference)
Total number of the treasury stock as of March 31, 2019
Total issued shares outstanding,
52,840,834
excluding the treasury stock
Total number of the treasury stock
500,666
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Hitachi Maxell Ltd. published this content on 26 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 April 2019 06:12:18 UTC
Maxell Ltd, formerly Maxell Holdings Ltd, is mainly engaged in the manufacturing and sales of energy, industrial materials and electric appliances and consumer products. The Company mainly operates through three business segments. The Energy segment manufactures and sells secondary batteries, such as coin type lithium secondary batteries, industrial lithium ion batteries and electrodes, and consumer lithium ion batteries, primary batteries such as lithium primary batteries and button batteries, and charger and battery packs. The Industrial Materials segment manufactures and sells optical components, functional materials, electroforming and precision parts, semiconductor-related embedded systems, mold and synthetic resin molded parts, adhesive tapes, radio-frequency identification (RFID) systems and Integrated Circuit (IC) cards, industrial rubber products and others. The Electric Appliance and Consumer segment manufactures and sells projectors, small electric equipments and others.
MAXELL, LTD. 
