TAIYO YUDEN : Announces Progress of Acquisition of Treasury Stock and Completion of Acquisition (360KB)
June 17, 2019 at 04:14 am EDT
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TAIYO YUDEN Announces Progress of Acquisition of Treasury Stock
and Completion of Acquisition
Acquisition of Treasury Stock in accordance with the Article of Incorporation pursuant to Paragraph 2, Article 165 of the Companies Act of Japan
TOKYO, June 17, 2019 - TAIYO YUDEN CO., LTD. announced that 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 has been implemented as outlined below.
TAIYO YUDEN also announced that with this the acquisition of treasury stock based on the resolution of the meeting of the Board of Directors held on May 13, 2019 has been completed.
1.
Class of shares acquired
Common shares
2.
Number of shares acquired
2,170,500 shares
3.
Total acquisition cost
3,999,991,100 yen
4.
Period of acquisition
June 1, 2019 - June 14, 2019 (trade basis)
5.
Method of acquisition
Purchase in the market at the Tokyo Stock Exchange
(Reference)
Details of the resolution at the meeting of the Board of Directors held on May 13, 2019
(1)
Class of shares to be acquired
Common shares
(2)
Total number of shares to be acquired
Up to 2,500,000 shares
(percentage of issued shares (excluding treasury stock):
2.0%)
(3)
Total acquisition cost
Up to 4,000,000,000 yen
(4)
Period of acquisition
May 27, 2019 - March 31, 2020
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Disclaimer
Taiyo Yuden Co. Ltd. published this content on 17 June 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2019 08:13:04 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. 
