Nippon Crucible Co., Ltd. announces an Equity Buyback for 8,000 shares, representing 0.57% for ¥15 million.
March 26, 2020 at 02:30 am EDT
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Nippon Crucible Co., Ltd. (TSE:5355) announces a share repurchase program. Under the program, the company will repurchase 8,000 shares, representing 0.57% of its share capital, for ¥15 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, and as part of its comprehensive shareholder returns policy. The program will run until September 30, 2020. As of February 29, 2020, the company had 1,409,040 shares outstanding (excluding treasury shares) and 57,387 shares in treasury.
Nippon Crucible Co., Ltd. is a Japan-based company primarily engaged in the refractory, engineering and real estate business. The Company operates in three business segments. The Refractories segment is engaged in the manufacture and sale of graphite crucibles, fixed refractories and irregular refractories, as well as the purchase and sale of casting materials. The Engineering segment is engaged in the design and construction of various industrial furnaces, as well as the sale of related equipment. The Real Estate segment is engaged in the leasing of buildings and parking lots, as well as the operation of solar power generation business.
NIPPON CRUCIBLE CO., LTD. 
