Sankyo Co., Ltd. announces an Equity Buyback for 50,000,000 shares, for ¥70,000 million.
November 07, 2023 at 02:00 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 10,000,000 shares, representing 18.56% of its issued share capital (excluding treasury stock), for a total purchase price of ¥70,000 million. The purpose of the program is to improving capital efficiency, implement flexible capital policies in response to changes in the business environment and returning profits to shareholders. The program will be valid till April 30, 2024. As of September 30, 2023, the company had 53,870,273 issued shares (excluding treasury stock) and 12,468,827 treasury shares.
On February 7, 2024, the company announced a five-for-one stock split effective on March 1, 2024. Each stockholder will receive five additional shares of Company common stock for each share then held.
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. 
