Hosiden Corporation announces an Equity Buyback for 2,000,000 shares, representing 3.42% for ¥2,000 million.
December 07, 2020 at 02:00 am EST
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Hosiden Corporation (TSE:6804) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 shares, representing 3.42% of the outstanding shares for ¥2,000 million. The purpose of the program is to enable the execution of agile capital policies in response to changes in the business environment. The program will run until January 29, 2021. As of November 30, 2020, the company had 58,456,571 shares outstanding and 9,253,513 shares in treasury.
Hosiden Corporation is principally engaged in the manufacture and sale of electronic components. The Company has four business segments. The Mechanical Component segment provides connectors, jacks and switches. The Acoustic segment offers microphones, headphones, headsets, speakers and receivers. The Liquid Crystal Display Device segment provides passive liquid crystal display devices. The Composite Part and Others segment offers remote controllers and solenoids.
HOSIDEN CORPORATION 
