Origin Company, Limited announces an Equity Buyback for 400,000 shares, representing 6.18% for ¥500 million.
February 11, 2020 at 09:30 pm EST
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Origin Company, Limited (TSE:6513) announces a share repurchase program. Under the program, the company will repurchase 400,000 shares, representing 6.18% of the outstanding shares for ¥500 million. The purpose of the program is to improve shareholder returns and capital efficiency. The program will run until January 29, 2021. As of January 31, 2020, the company had 6,472,868 shares outstanding and 227,118 shares in treasury.
Origin Company, Limited, formerly Origin Electric Co., Ltd., is mainly engaged in the manufacture and sale of power supply equipment, semiconductor devices, precision mechanical components, system equipment and synthetic resin coating. The Company operates in four business segments. The Electronics segment involves in the manufacture and sale of power supply equipment. The Mechatronics segment involves in the manufacture and sale of system equipment. The Chemitronics segment involves in the manufacture and sale of synthetic resin coating products. The Component segment involves in the manufacture and sale of semiconductor devices and precision mechanical components.
ORIGIN COMPANY, LIMITED 