Di-Nikko Engineering Co., Ltd. announces an Equity Buyback for 30,000 shares, representing 1.15% for ¥30 million.
May 11, 2017 at 02:00 am EDT
Share
Di-Nikko Engineering Co., Ltd. (JASDAQ:6635) announces a share repurchase program. Under the program, the company will repurchase 30,000 shares, representing 1.15% of the outstanding shares for ¥30 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until September 29, 2017. As of March 31, 2017, the company had 2,612,015 shares outstanding and 87,985 shares in treasury.
Di-Nikko Engineering Co., Ltd. is a Japan-based company mainly engaged in the commissioned processing of electronic modules to electronic equipment makers. The Electronic Components Implementation department is engaged in the implementation of electronic components to printed-circuit boards (PCBs) by robots and by hand. The Equipment Assembly department is engaged in the assembly and manufacturing of electronic modules mainly used for digital camera lens and other end products. The Company is also engaged in the sale of office machinery, as well as the provision of manpower dispatching and contracting services. The Company's products are used in office business equipment, industrial equipment, optical equipment and civil life equipment, among others.