Nachi-Fujikoshi Corp. announces an Equity Buyback for 202,200 shares, representing 0.81% for ¥799.7 million.
February 19, 2020 at 02:45 am EST
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Nachi-Fujikoshi Corp. (TSE:6474) announces a share repurchase program. Under the program, the company will repurchase 202,200 shares, representing 0.81% of its share capital, at ¥3,955 per share for ¥799.7 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. As of January 31, 2020, the company had 24,847,427 shares outstanding (excluding treasury shares) and 71,916 shares in treasury.
NACHI-FUJIKOSHI CORP. is a Japan-based engaged in the manufacture and sale of machine tools, robots, bearings and special steel. The Company operates in three business segments. Machine Tool segment manufactures and sells tools, machine tools and robots. Parts segment manufactures and sells bearings and hydraulic equipment. Others segment is involved in the manufacture and sale of special steel and industrial furnaces, as well as the provision of transportation and information processing related services. Regarding the domestic sales channel, the Company sells its products to large customers such as automobile manufacturers and sales routes for small and medium-sized customers, and through domestic sales affiliates to customers in specific regions and areas. Regarding the overseas sales channel, the Company sells its products through local sales subsidiaries.
NACHI-FUJIKOSHI CORP. 
