Shin-Etsu Polymer Co.,Ltd. announces an Equity Buyback for 450,000 shares, representing 0.55% for ¥500 million.
October 24, 2019 at 02:30 am EDT
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Shin-Etsu Polymer Co.,Ltd. (TSE:7970) announces a share repurchase program. Under the program, the company will repurchase up to 450,000 shares, representing 0.55% of its share capital, for ¥500 million. The company will repurchase its shares in order to use these shares to be issued when stock option rights are exercised. The share repurchase program will run until December 31, 2019. As of September 30, 2019, the company had 81,245,935 shares outstanding (excluding treasury shares) and 1,377,441 shares in treasury.
Shin-Etsu Polymer Co.,Ltd. is a Japan-based company primarily engaged in the manufacture and sale of electronic devices, precision moldings, as well as dwelling environment and living materials. The Company operates in three business segments. The Electronic Device segment is engaged in the manufacture and sale of input devices, display related devices and component related products. The Precise Molded Item segment manufactures and sells semiconductor related containers and carrier tape related products, office automation equipment parts and silicon rubber molding products. The Dwelling Environment and Living Material segment provides exterior material related products, wrapping films, plastic sheets and functional compounds, among others. The Company is also engaged in the design and construction of buildings and stores, as well as the sale of other processed goods, among others.
SHIN-ETSU POLYMER CO.,LTD. 
