Makino Milling Machine Co., Ltd. announces an Equity Buyback for 200,000 shares, representing 0.84% for ¥1,000 million.
December 01, 2023 at 01:00 am EST
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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 200,000 shares, representing 0.84% 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 March 31, 2024. As of September 30, 2023, the company had 23,889,870 shares in issue (excluding treasury stock) and 1,003,971 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. 
