Ashimori Industry Co., Ltd. announces an Equity Buyback for 50,000 shares, representing 0.83% for ¥180 million.
November 09, 2017 at 02:00 am EST
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Ashimori Industry Co., Ltd. (TSE:3526) [Company Name] announces a share repurchase program. Under the program, the company will repurchase 50,000 shares, representing 0.83% of the outstanding shares for ¥180 million. The purpose of the program is to improve shareholder returns and to implement a flexible capital policy in response to changes in the business environment. The program will run until February 28, 2018. As of November 8, 2017, the company had 6,049,398 shares outstanding and 7,541 shares in treasury.
Ashimori Industry Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of automotive safety parts and functional products. The Company operates in two business segments. The Automotive Safety Parts segment is engaged in the manufacture and sale of automotive seat belts, air-bags, rear compartment covers, electric rear sunshades and others. The Functional Products segment is engaged in the provision of high capacity material fabrics, synthetic fiber ropes, narrow fabrics, fire hoses, fire hydrant hoses, industrial hoses, disaster prevention supplies, pipe repair hoses and construction work, and other related materials. The Company is also engaged in the real estate leasing business.
ASHIMORI INDUSTRY CO., LTD. 
