SWCC Showa Holdings Co., Ltd. announces an Equity Buyback for 511.1 shares.
October 24, 2017 at 02:00 am EDT
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SWCC Showa Holdings Co., Ltd. (TSE:5805) announces a share repurchase program. Under the program, the company will repurchase 511.1 shares. Fractional shares will be purchased as a result of a share merger.
SWCC Corp is a Japan-based company mainly engaged in the electrical wire rod business and other businesses. The Company operates through three segments. The Energy and Infrastructure segment manufactures and sells electric wires, electric power cables, seismic isolation devices, damping and vibration isolation, and designs and contracts engineering. The Communication and Industrial Device segment mainly manufactures and sells communication cables, wire harnesses, and precision devices. The Electrical Equipment and Components segment mainly manufactures and sells magnet wires, bare wires, oxygen-free copper, copper alloy wires, and electric wires for automobiles. The Company is also engaged in new businesses including sales of network solutions, logistics business, office management business, research and development of materials, and manufacturing and sales of superconducting business.