Marumae Co.,Ltd. announces an Equity Buyback for 250,000 shares, representing 1.92% for ¥200 million.
March 06, 2020 at 01:00 am EST
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Marumae Co.,Ltd. (TSE:6264) announces a share repurchase program. Under the program, the company will repurchase 250,000 shares, representing 1.9% of the outstanding shares for ¥200 million. The purpose of the program is to implement a flexible capital policy and to enhance capital efficiency. The program will run until April 10, 2020. As of March 6, 2020, the company had 13,052,804 shares outstanding and 196 shares in treasury.
Marumae Co.,Ltd. is a Japan-based company mainly engaged in the precision cutting works. The Company is engaged in the manufacture of vacuum chambers and electrodes used in flat panel display (FPD) manufacturing equipment and semiconductor manufacturing equipment. The products include semiconductor manufacturing equipment related parts, FPD manufacturing equipment related parts, and other equipment parts. The semiconductor manufacturing equipment parts are vacuum parts for semiconductor manufacturing equipment and inspection equipment. The FPD manufacturing equipment parts are vacuum devices for manufacturing equipment apparatus and inspection apparatus used in liquid crystal and organic electro luminescence (EL). The other parts consist surface processing equipment for smart phone housing, solar cell manufacturing equipment parts, motorcycle racing parts, industrial equipment parts for camera and microscope, as well as parts for medical equipment.
MARUMAE CO., LTD. 
