THK Co., Ltd. announces an Equity Buyback for 4,000,000 shares, representing 3.16% for ?12,000 million.
November 11, 2021 at 01:00 am EST
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THK Co., Ltd. (TSE:6481) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 3.16% of its issued share capital for ?12,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The repurchased shares will be cancelled. The program is valid till March 31, 2022. As of September 30, 2021, the company had 126,569,389 shares issued (excluding treasury stock) and 7,287,514 shares in treasury.
THK CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of components for industrial equipment and transportation vehicles. The Company operates in five regional segments. The industrial equipment related business is engaged in the manufacture and sale of equipment components such as linear motion (LM) systems, as well as industrial equipment. The transportation vehicles related business is engaged in the development, design, manufacture and sale of steering parts, suspension parts and brake parts for automobile and two-wheel vehicles. The Company operates in Japan, the Americas, Europe, China, Taiwan, Singapore and Korea.
THK CO., LTD. 
