Meiko Electronics Co., Ltd. announces an Equity Buyback for 600,000 shares, representing 2.29% for ¥1,560 million.
March 22, 2021 at 02:15 am EDT
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Meiko Electronics Co., Ltd. (JASDAQ:6787) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 2.29% of its issued share capital (excluding treasury stock), at ¥2,600 per share, for ¥1,560 million. The purpose of the program is to improve capital efficiency, to enhance the return of profits to shareholders and to develop flexible capital policies in response to changes in the corporate environment. The program will run until December 31, 2021. As of February 28, 2021, the company had 26,173,814 shares in issue (excluding treasury stock) and 629,506 shares in treasury.
Meiko Electronics Co., Ltd. is a Japan-based company mainly engaged in the electronics-related business. The Company is engaged in the pattern design, manufacture and sale of electronic circuit boards, the manufacture of dies, the manufacture and sale of testing equipment, the development and manufacture of circuit board testing machines, the assembly of circuit boards, as well as the manufacture and sale of multi-video-processors. As of March 31, 2013, the Company had 10 consolidated subsidiaries and two nonconsolidated subsidiaries. In July, 2014, the Company established subsidiary Meiko Electronics Thang Long Co., Ltd.
MEIKO ELECTRONICS CO., LTD. 
