Makino Milling Machine Co., Ltd. announces an Equity Buyback for 180,000 shares, representing 0.76% for ¥1,000 million.
April 30, 2024 at 02:00 am EDT
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Makino Milling Machine Co., Ltd. (TSE:6135) announces a share repurchase program. Under the program, the company will repurchase up to 180,000 shares, representing 0.76% of its issued share capital (excluding treasury stock), for ¥1,000 million. The purpose of the program is to to enable flexible capital policy implementation in response to changes in the business environment.
The program will run until August 31, 2024. As of March 31, 2024, the company had 23,717,598 shares in issue (excluding treasury stock) and 1,176,243 shares in treasury.
Makino Milling Machine Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of machine tools. The Company operates through four business segments. The Company mainly manufactures, sells and engineering flexible production system equipment, designs, manufactures, sells and repairs machine tool control devices, installs and after-sale services for machine tools and sells repair parts. The Company also manufactures and develops machine tool peripherals, manufactures, sells, repairs, packs, and provides insurance agency services for machine tools. The main regions are Japan, Korea, China, Oceania, Russia, Norway, Southeast Asia (ASEAN), India, United Kingdom, North and South America, and Continental Europe (excluding Norway).
MAKINO MILLING MACHINE CO., LTD. 
