Tranche Update on IDEC Corporation's Equity Buyback Plan announced on March 19, 2020.
July 30, 2020 at 11:00 pm EDT
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From April 1, 2020 to June 30, 2020, the company has repurchased 1,143,200 shares, representing 3.65% for ¥1,760.29 million. With this, the company has completed the repurchase of 1,201,800 shares, representing 3.84% for ¥1,834.06 million under the buyback announced on March 19, 2020.
IDEC CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of control equipment related products. The Company operates in four geographic segments, including Japan, America, EMEA and Asia Pacific. The main business is manufacturing and sale of human machine interface (HMI) solutions, in-board equipment solutions, automation solutions, safety and explosion-proof solutions, systems, and others. HMI solutions include switches, joysticks and indicator lights. In-board equipment solutions include switching power supplies, terminal blocks, control relays sockets, circuit protectors and others. Automation solutions include programmable controllers, programmable displays, photoelectric switches and automatic recognition devices. Safety and explosion-proof solutions include safety-related equipment and explosion-proof equipment. The Company is also engaged in manufacture and sale of systems, collaborative safety robot system business and environment energy business.
IDEC CORPORATION 
