Tranche Update on Okamoto Machine Tool Works, Ltd.'s Equity Buyback Plan announced on May 15, 2018.
May 15, 2018 at 09:30 pm EDT
Share
From May 15, 2018 to May 16, 2018, the company has repurchased 416,100 shares, representing 9.4% for ¥1,697.69 million. With this, the company has completed the repurchase of 416,100 shares, representing 9.4% for ¥1,697.69 million under the buyback announced on May 15, 2018.
OKAMOTO MACHINE TOOL WORKS,LTD. is a Japan-based company primarily engaged in the manufacture and sale of machine tools and semiconductor related equipment. The Company operates in two business segments. The Machine Tools segment is engaged in the manufacture and sale of grinding machines, such as precision surface grinders, rotary surface grinders, precision forming grinders, cylindrical grinders, inner grinders, center hole grinders, gear grinders, grindstones and grinding fluid products, as well as gear equipment, gears and castings. The Semiconductor Related Equipment segment is engage in the manufacture and sale of processing and grinding machines for semiconductors and electronic components, glass substrate polishing machines, back grinders, polishing machines, lapping machines, slicing machines, and solar cell ingot compound grinding machines.
OKAMOTO MACHINE TOOL WORKS, LTD. 
