Taiyo Koki Co., Ltd. announces an Equity Buyback for 200,000 shares, representing 3.36% for ¥240 million.
February 12, 2021 at 01:00 am EST
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Taiyo Koki Co., Ltd. (JASDAQ:6164) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 3.36% of its issued share capital (excluding treasury stock), for a total purchase price of ¥240 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 continue through August 10, 2021. As of January 31, 2021, the company had 5,954,211 issued shares (excluding treasury stock) and 2,189 treasury shares.
TAIYO KOKI CO., LTD. is a company mainly engaged in the manufacture and sale of grinding machines. The Company is engaged in the manufacture and sale of vertical grinding machines, including IGV series internal cylindrical grinding machines, EGV series external grinding machines, NVG series standard model, SVG series small-sized standard model, as well as NVGH series high-precision grinding machines; the horizontal grinding machines, including IGH series, CGN series and MGS series, as well as other special purpose grinding machines.
TAIYO KOKI CO., LTD. 
