Cosel Co., Ltd. announces an Equity Buyback for 700,000 shares, representing 2.02% for ¥784 million.
June 24, 2021 at 03:30 am EDT
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Cosel Co., Ltd. (TSE:6905) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 2.02% of its issued share capital (excluding treasury stock), for a total purchase price of ¥784 million. The shares will be repurchased at a price of ¥1,120 per share. The purpose of the program is to improve the shareholder value of shareholders by improving capital efficiency and to enable the execution of agile capital policies in response to changes in the business environment. As of May 20, 2021, the company had 34,683,847 issued shares (excluding treasury stock) and 1,028,153 treasury shares.
COSEL CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of direct current (DC) stabilizing power supplies. The Company operates in five business segments. The Japan Production and Sales segment is engaged in the manufacture and sale of unit power supply, on-board power supply and noise filter, as well as manufacture of parts (transformers) used for power supplies. The North America Sales segment and Asia Sales segment are engaged in the manufacture and sale of unit power supply, on-board power supply and noise filter. The Europe Sales segment is engaged in the manufacture and sale of unit power supply, on-board power supply and noise filter, as well as own products. The China Production and Sales segment is engaged in manufacture of unit power supply and exports unit power supplies produced in China to sales companies.
COSEL CO., LTD. 
