TAIYO YUDEN : Announces Decision on Matters Related to Acquisition of Treasury Stock(341KB)
February 04, 2022 at 01:16 am EST
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TAIYO YUDEN Announces Decision on Matters Related to Acquisition of
Treasury Stock
Acquisition of Treasury Stock in accordance with the Article of Incorporation pursuant to
Paragraph 2, Article 165 of the Companies Act of Japan
TOKYO, February 4, 2022 - TAIYO YUDEN CO., LTD. announced that the meeting of its Board of Directors held on February 4, 2022 decided matters related to the acquisition of treasury stock in accordance with Article 156 of the Companies Act of Japan, as applied pursuant to Paragraph 3, Article 165 of the Companies Act of Japan as outlined below.
1. Reason for acquisition of treasury stock
TAIYO YUDEN will acquire treasury stock with the aim of enhancing shareholder returns and increasing capital efficiency in addition to implementing a flexible capital policy that responds to future changes in the business environment.
2. Details of acquisition
(1)
Class of shares to be acquired
Common shares
(2)
Total number of shares to be acquired
Up to 1,200,000 shares
(percentage of issued shares (excluding treasury stock):
1.0%)
(3)
Total acquisition cost
Up to 5,000,000,000 yen
(4)
Period of acquisition
February 14, 2022 - March 31, 2022
(Reference)
Treasury stock held as of December 31, 2021
Number of shares issued (excluding treasury stock)
125,587,083 shares
Number of shares of treasury stock
4,631,398 shares
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Disclaimer
Taiyo Yuden Co. Ltd. published this content on 04 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 February 2022 06:15:03 UTC.
Taiyo Yuden Co., Ltd. specializes in the design, manufacturing and marketing of electronic components. Net sales break down by family of products as follows:
- ceramic capacitor (64.9%);
- modules (15.6%);
- ferrites for inductors (13.8%);
- other (5.7%): primarily ceramic microchips.
Net sales break down by market between communication equipment (32%; mobile phones, etc.), IT infrastructure and industrial equipment (24%), automotive (19%), IT equipment (15%; computers and peripherals) and consumer electronics (10%; TV-sets, digital cameras, game consoles, etc.).
Net sales are distributed geographically as follows: Japan (9.7%), China (35.8%), Hong Kong (16%) and other (35.8%).
TAIYO YUDEN CO., LTD. 
