C.Uyemura & Co.,Ltd. announces an Equity Buyback for 40,000 shares, representing 0.45% for ¥200 million.
June 10, 2020 at 02:30 am EDT
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C.Uyemura & Co.,Ltd. (TSE:4966) commences a share repurchases on June 11, 2020, under the program mandated by the shareholders in the AnnualExtraOrdinary General Meeting held on June 10, 2020. As per the mandate, the company is authorized to repurchase up to 40,000 shares, representing 0.45% of its share capital, for ¥200 million. The company will repurchase its shares in order to improve shareholder profits by implementing a flexible capital policy in response to changes in the business environment, and improve capital efficiency. The program will run until August 31, 2020. As of June 10, 2020, the company had 8,869,753 shares outstanding (excluding treasury shares) and 1,008,287 shares in treasury.
C.Uyemura & Co.,Ltd. is a Japan-based company principally engaged in the manufacture and sale of surface finishing materials and machinery. The Company operates in four business segments. The Surface Finishing Material segment provides plating solutions for aluminum magnetic discs, plating solutions for printed-circuit boards, industrial use chemical products and non-ferrous metals, among others. The Surface Finishing Machinery segment is engaged in the manufacture and sale of plating machinery for aluminum magnetic discs and printed-circuit boards. The Plating Processing segment is engaged in the process of plating work for plastics and printed circuit boards. The Real Estate Leasing segment is engaged in the leasing of office buildings and condominiums.
C.UYEMURA & CO.,LTD. 
