Mimaki Engineering Co., Ltd. announces an Equity Buyback for 800,000 shares, representing 2.71% for ¥692 million.
November 29, 2021 at 02:30 am EST
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Mimaki Engineering Co., Ltd. (TSE:6638) announces a share repurchase program. Under the program, the company will repurchase 800,000 shares, representing 2.71% of the outstanding shares for ¥692 million. The shares will be repurchased at a price of ¥865 per share. The purpose of the program is to improve capital efficiency, implementing agile capital policies in response to changes in the business environment. The program is valid till November 30, 2021. As of September 30, 2021, the company had 29,494,233 shares outstanding.
MIMAKI ENGINEERING CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of ink-jet printers, cutting plotters and others. The Company supplies industrial printers and cutting plotters for the sign graphics (SG), industrial product (IP) and textile and apparel (TA) markets. Its printers and cutting plotters for the SG market are used for the creation of indoor and outdoor signs, displays and sign boards, among others. Its equipment for the IP market is used at various manufacturing sites for novelty goods, nameplates, cards and others. Its products for the TA market are used for printing on sports apparel such as cloths, uniforms, among others. The Company is also involved in the provision of printing services through Internet, as well as the operation of research and development business.
MIMAKI ENGINEERING CO., LTD. 
