Senshu Electric Co.,Ltd. announces an Equity Buyback for 150,000 shares, representing 1.62% for ¥500 million.
June 03, 2021 at 01:00 am EDT
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Senshu Electric Co.,Ltd. (TSE:9824) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 1.62% for ¥500 million. The purpose of the program is to enhance shareholder returns, improve capital efficiency, and implement agile capital policies in response to changes in the business environment. The program will expire on October 31, 2021. As of May 31, 2021, the company had 9,241,880 shares in issue and 1,558,120 shares in treasury.
Senshu Electric Co Ltd is a Japan-based company primarily engaged in the sale of wires and cables, electrical materials, information related equipment and others. The Company is engaged in the provision of equipment wires, communication wires, fire protection wires, heat-resistant wires, network cables, thermocouples and compensating wires, instrumentation cables, magnet wires, power cables, control cables, insulated wires, signal cables, various eco cables, lightning rod wires, bare copper wires, robot wires, automobile wires, optical fiber cables and peripheral devices. The Company is also involved in the orders and sales of related control devices.