Kikuchi Seisakusho Co., Ltd. announces an Equity Buyback for 370,000 shares, representing 3% for ¥300 million.
March 12, 2019 at 02:30 am EDT
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Kikuchi Seisakusho Co., Ltd. (JASDAQ:3444) announces a share repurchase program. Under the program, the company will repurchase 370,000 shares, representing 3% of the outstanding shares for ¥300 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment, enhance capital efficiency and improve shareholder returns. The program will run until October 31, 2019. As of January 31, 2019, the company had 12,337,387 shares outstanding and 313 shares in treasury.
KIKUCHI SEISAKUSHO CO., LTD. is mainly engaged in the design and production of molds, the manufacture of prototyping products and high-volume production products, die manufacturing and precision sheet metal processing. The Companyâs products are divided into four categories. The Prototype and Mold Product involves in the design and manufacture of prototype products and molds for precision electronic devices, office equipment and automobile parts manufacturers. The High-volume Production Product involves in the manufacture of exterior and interior mechanical parts for mobile phones, watches and digital cameras. The Robots / devices and others develop nursing care, including wearable muscular strength aid muscle suit, as well as various robots including industrial robots, drones, walking support robots and the like. The Other / Gamma Camera related product sells healthcare related equipment such as oxygen concentrator and blood oxygen concentration measuring instrument.
KIKUCHI SEISAKUSHO CO., LTD. 
