Ashimori Industry Co., Ltd.'s Equity Buyback in the amount of ¥10.04 mm has expired
May 27, 2013 at 12:00 am EDT
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The Board of Directors of Ashimori Industry Co., Ltd. (TSE:3526) authorized a share repurchase program on May 27, 2013. Under the program, the company will repurchase up to 72,251 shares for ¥10.04 million. The shares will be repurchased at the price of ¥139 of share being the closing price as on May 27, 2013. The shares will be repurchased from those shareholders whose whereabouts are unknown. The repurchases will be made pursuant to the provisions of the Companies Act Article 197 Paragraphs 3 and 4. The repurchases will be made on May 27, 2013.
Ashimori Industry Co., Ltd.'s share repurchase program expired on May 27, 2013. Under the program, the company has repurchased 71,926 shares for ¥10 million.
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. 
