NGK Insulators, Ltd. announces an Equity Buyback for 5,500,000 shares, representing 1.76% for ¥10,000 million.
October 28, 2022 at 02:40 am EDT
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NGK Insulators, Ltd. (TSE:5333) announces a share repurchase program. Under the program, the company will repurchase up to 5,500,000 shares, representing 1.76% for ¥10,000 million. The purpose of the program is to improve capital efficiency and implement flexible capital policies according to the business environment.
The program will expire on February 28, 2023. As of September 30, 2022, the company had 311,771,350 shares in issue and 5,558,646 shares in treasury.
NGK Insulators, Ltd. specializes in the design, manufacturing and marketing of electric and electronic components and equipments. Net sales break down by family of products as follows:
- ceramic products (57.3%): for automotive and industrial applications;
- components and equipment for industrial manufacturing processes (24.2%): components for semiconductor manufacturing equipment, corrosion-resistant ceramic apparatuses for chemical industries, gas analyzer, industrial heating systems, refractory products and radioactive waste treatment systems;
- electronic components (10.5%): especially for semiconductors manufacturing and special metals processing;
- electric equipments (8%): insulators and electric devices, batteries for electric power storage, etc.
Net sales break down geographically as follows: Japan (24.5%), Asia (30.4%), North America (21.7%), Europe (21.3%) and other (2.1%).
NGK INSULATORS, LTD 
