Tranche Update on Japan Power Fastening Co., Ltd.'s Equity Buyback Plan announced on May 22, 2017.
May 22, 2017 at 09:30 pm EDT
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From May 22, 2017 to May 23, 2017, the company has repurchased 415,000 shares, representing 2.49% for ¥83.42 million. With this, the company has completed the repurchase of 415,000 shares, representing 2.49% for ¥83.42 million under the buyback announced on May 22, 2017.
JAPAN POWER FASTENING CO., LTD. is a Japan-based company mainly engaged in the manufacturing and sale of fasteners and tools for architectural applications, including screws, nuts and metal fittings, as well as components for automobiles and home appliances. The Company operates in two business segments. The Architectural Fastener and Tool segment is engaged in the manufacture and sale of fasteners and tools for housing, mainly prefabricated houses, as well as for general construction and civil engineering applications. The Automotive and Home Appliance Parts segment is engaged in the manufacturing and sale of parts and components for automobiles and home appliances in China. The others business includes the operation of real estate leasing business.