Tranche Update on IDEC Corporation's Equity Buyback Plan announced on May 15, 2019.
July 30, 2019 at 09:00 pm EDT
Share
From May 15, 2019 to June 28, 2019, the company has repurchased 1,565,900 shares, representing 4.76% for ¥2,968.3 million. With this, the company has completed the repurchase of 1,565,900 shares, representing 4.76% for ¥2,968.3 million under the buyback announced on May 15, 2019.
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 
