Sansha Electric Manufacturing Co.,Ltd. announces an Equity Buyback for 350,000 shares, representing 2.41% for ¥500 million.
September 26, 2018 at 02:00 am EDT
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Sansha Electric Manufacturing Co.,Ltd. (TSE:6882) announces a share repurchase program. Under the program, the company will repurchase 350,000 shares, representing 2.41% of the outstanding shares for ¥500 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to improve shareholder returns. The program will run until December 28, 2018. As of September 26, 2018, the company had 14,492,880 shares outstanding and 457,120 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. 
