Tokyo Seimitsu Co., Ltd. announces an Equity Buyback for 800,000 shares, representing 1.92% for ¥3,000 million.
November 11, 2020 at 01:00 am EST
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Tokyo Seimitsu Co., Ltd. (TSE:7729) announces a share repurchase program. Under the program, the company will repurchase 800,000 shares, representing 1.92% of its share capital, for ¥3,000 million. The company will repurchase its shares in order to enhance shareholder returns and improve capital efficiency. The program will run until March 31, 2021. As of September 30, 2020, the company had 41,673,719 shares outstanding (excluding treasury shares) and 37,262 shares in treasury.
Tokyo Seimitsu Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of semiconductor manufacturing equipment and precision measuring equipment. The Semiconductor Manufacturing Equipment segment is engaged in the manufacture and sale of processing and inspection equipment for the manufacture of semiconductor, such as wafer probing machines and wafer dicing machines, as well as the provision of after-sales services and the development of related software. The Measuring Equipment segment is engaged in the manufacture and sale of precision measuring equipment for three-dimensional (3D) vision systems, as well as surface roundness and profile shape measuring instruments including 3D coordinate measuring machine, true degree and column shape measuring machine, surface roughness measuring machine, wheel shape measuring machine and others.
TOKYO SEIMITSU CO., LTD. 
