The Lead Co., Inc. announces an Equity Buyback for 54,400 shares, representing 2.07% for ¥26.06 million.
March 08, 2018 at 02:58 am EST
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The Lead Co., Inc. (TSE:6982) announces a share repurchase program. Under the program, the company will repurchase up to 54,400 shares, representing 2.07% of its share capital, at ¥479 per share for ¥26.06 million. The company will repurchase its shares in order to implement a flexible capital policy which responds to changes in the business environment. As of February 28, 2018, the company had 2,627,234 shares outstanding (excluding treasury shares) and 5,726 shares in treasury.
Lead Co Inc is a Japan-based company mainly engaged in the provision of custom-made automotive parts and other products, primarily sheet metal, paint, and plastic molding processes, and in-house products, primarily racks, cases, and bicycle parking racks. The company operates in three business segments. The Automotive Components segment mainly manufactures and sells bumpers, spoilers and other exterior components, and handbrake lever systems. The In-house Products segment is divided into the electronic devices business and the bicycle parking business. The electronic equipment segment mainly manufactures and sells information and communication equipment racks, general-purpose electronic equipment cases, and chassis. The bicycle parking business segment plans, develops, designs, manufactures, sells, installs, and maintains bicycle parking racks and other bicycle parking products, and manages bicycle parking facilities. The Rental Real Estate segment leases stores and other facilities.