Rix Corporation's Equity Buyback in the amount of ¥50.54 mm has expired
November 12, 2012 at 11:00 pm EST
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The Board of Directors of Rix Corporation (TSE:7525) authorized a share repurchase program on November 12, 2012. Under the program, the company will repurchase up to 70,000 shares, representing 0.82% of its outstanding share capital, at a price of ¥722 per share, for a total cost of ¥50.54 million. Repurchases will be made in the Fukuoka Stock Exchange Off-Auction Trade. The purpose of the repurchase program is to implement a flexible capital policy corresponding to changes in the business environment. Repurchases will be made on November 13, 2012. As of October 31, 2012, the company has 8,502,936 shares outstanding and 137,064 shares held in treasury.
Rix Corporation's share repurchase program expired on November 13, 2012. Under the plan, the company has repurchased 60,000 shares, representing 0.71% at a price of ¥722 per share, for a total cost of ¥43.32 million.
RIX CORPORATION is a Japan-based company engaged in the manufacture and sale of high pressure hydraulic equipment, precision automatic measuring equipment and other products. The Company has seven business segments, including Steels, Automobiles, Electronics and Semiconductors, Rubbers and Tires, Advanced Materials, Environment, and Paper Pulp. The Company is engaged in the sale of pressure generator products such as plunger pumps and high pressure hydraulic pumps, applied equipment and system products such as high pressure water washing equipment, attached equipment and parts such as oil seals and filters, related technical products such as piston valves, and precision automatic measuring equipment, as well as the manufacture and sale of rotary joints, high pressure precision cleaning equipment, bearings, insulation boards and booster pumps. The Company is also engaged in the provision of automotive parts and electronic parts, as well as the food business and shipbuilding business.
RIX CORPORATION 
