Sankyo Co., Ltd. announces an Equity Buyback for 3,500,000 shares, representing 5.71% for ?10,000 million.
November 08, 2021 at 01:00 am EST
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Sankyo Co., Ltd. (TSE:6417) announces a share repurchase program. Under the program, the company will repurchase up to 3,500,000 shares, representing 5.71% of its share capital, for ?10,000 million. The purpose of the repurchase program is to improve shareholder returns and to implement a flexible capital policy adapting to changes in the management environment and to ensure further return of profits to shareholders. The share repurchase program will run until April 28, 2022. As of September 30, 2021, the company had 61,302,805 shares outstanding excluding treasury shares and had 8,294,695 shares in treasury.
Sankyo Co Ltd is a Japan-based company mainly engaged in the pachinko machine related business, pachislot machine related business, and replenishment equipment related business. The Company operates through three business segments. The Pachinko Machine-related Business segment is engaged in the manufacture and sale of pachinko machines and gauge boards for pachinko machines, the sale of related parts, and acquisition of royalties income related to pachinko machines. The Pachislot Machine-related Business segment is engaged in the manufacture and sale of pachislot machines, the sale of related parts, and acquisition of royalties income related to pachislot machines. The Supply Equipment-related Business segment is engaged in the sale of pachinko/pachislot supply equipment, card system equipment, hall equipment peripheral equipment. It also provides mobile content services, real estate rental, sales of general molded parts.
SANKYO CO., LTD. 
