Sansha Electric Manufacturing Co.,Ltd. announces an Equity Buyback for 1,550,000 shares, for ¥1,720.5 million.
November 08, 2022 at 03:00 am EST
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Sansha Electric Manufacturing Co.,Ltd. (TSE:6882) announces a share repurchase program. Under the program, the company will repurchase 1,550,000 shares, representing 10.37% of its share capital, for ¥1,720.5 million, at a purchase price of ¥972 per share. The company will repurchase its shares in order to carry out agile capital policies in response to changes in the business environment.
As of September 30, 2022, the company had 14,950,000 shares outstanding (excluding treasury shares) and 2,102,122 shares in treasury.
Sansha Electric Manufacturing Co.,Ltd. is a Japan-based company mainly engaged in the manufacture and sale of semiconductors and power equipment. The Company operates through two business segments. The Semiconductor segment is mainly engaged in the manufacture and sale of module products and discrete products for diode thyristor triac. The Power Equipment segment is mainly engaged in the manufacture and sale of direct current power equipment, metal surface treatment power equipment, alternating current uninterrupted power equipment, motor control power equipment, electric furnace power equipment, dimming devices, light source machine power equipment, arc welding equipment, dental equipment and alternating current power equipment. The Company is also engaged in the installation, test, repair, maintenance and construction of equipment.
SANSHA ELECTRIC MANUFACTURING CO.,LTD. 
