Tranche Update on Nittan Valve Co., Ltd.'s Equity Buyback Plan announced on May 25, 2020.
May 26, 2020 at 09:00 pm EDT
Share
From May 25, 2020 to May 27, 2020, the company has repurchased 236,300 shares, representing 0.82% for ¥51.99 million. With this, the company has completed the repurchase of 236,300 shares, representing 0.82% for ¥51.99 million under the buyback announced on May 25, 2020.
Nittan Corp, formerly Nittan Valve Co Ltd, is a Japan-based company mainly engaged in the manufacture and sale of small engine valves, variable valves, gears, and power-by-wire (PWB). The Company operates through three business segments. Small Engine Valve segment is engaged in the manufacture and sale of small engine valves for passenger cars, motorcycles, trucks, buses and general-purpose products. Variable Valve, Gear and PBW segment is engaged in manufacture and sale of electromagnetic continuous cam variable phase mechanisms for automobiles, precision forged gears for automobiles, trucks, construction machinery, industrial machinery, as well as parts for automatic transmissions. Marine Parts segment is engaged in the manufacture and sale of marine engine valves and engine valves for general-purpose products. The Company is also engaged in the manufacture and sale of valve lifters and machine tools, and the production, processing and sale of agricultural products.
NITTAN CORPORATION 
