C.Uyemura & Co.,Ltd. announces an Equity Buyback for 600,000 shares, representing 3.64% for ¥3,000 million.
May 12, 2023 at 12:20 am EDT
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C.Uyemura & Co.,Ltd. (TSE:4966) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 3.64% of its issued share capital (excluding treasury stock), for ¥3,000 million. The purpose of the program is to improve shareholder profits by implementing agile capital policies and improving capital efficiency in response to changes in the business environment.
The program will run until March 31, 2024. As of April 30, 2023, the company had 16,461,316 shares in issue (excluding treasury stock) and 3,294,764 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. 
