CK SAN-ETSU Co., Ltd. announces an Equity Buyback for 250,000 shares, representing 2.82% for ¥1,000 million.
October 19, 2021 at 03:00 am EDT
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CK SAN-ETSU Co., Ltd. (TSE:5757) announces a share repurchase program. Under the program, the company will repurchase 250,000 shares, representing 2.82% of its share capital (excluding treasury stock), at ¥4,000 per share, for ¥1,000 million. The company will repurchase its shares in order to return profit to shareholders, to improve capital efficiency, and implement a flexible capital policies according to the business environment. The program will run until October 19, 2022. As of September 30, 2021, the company had 8,866,901 shares outstanding (excluding treasury shares) and 99 shares in treasury.
CK SAN-ETSU Co.,Ltd. is mainly engaged in the manufacture and sale of copper products. The Company operates in three business segments. The Wrought Copper segment is engaged in the manufacture of brass rods, brass wires and brass tubes which are materials for parts related to housing, home appliances, and automobiles. Production sites are the Tonami and Takaoka plants, the New Nitto plant and the Sakai plant. The Precision Parts segment is engaged in the forging and cutting of brass camera mount and faucet fittings. The Piping and Gilt segment is engaged in the manufacture of fittings used for water and gas piping. Hot-dip galvanizing is performed as a rust prevention treatment for steel materials. The main products include brass rods, brass wires, brass tubes, camera mounts, flare nuts, zarbos, plumbing equipment, and hot dip galvanizing.
CK SAN-ETSU CO., LTD. 
