Yamaichi Electronics Co., Ltd. announces an Equity Buyback for 500,000 shares, representing 2.45% for ¥1,000 million.
May 14, 2024 at 02:00 am EDT
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Yamaichi Electronics Co.,Ltd. (TSE:6941) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 2.45% of its issued share capital (excluding treasury stock), for ¥1,000 million. The purpose of the program is to achieve return of profits to shareholders by implementing flexible capital policies in response to changes in the business environment and improving capital efficiency.
The program will run until December 31, 2024. As of March 31, 2024, the company had 20,443,377 shares in issue (excluding treasury stock) and 1,386,398 shares in treasury.
YAMAICHI ELECTRONICS CO., LTD. is mainly engaged in the manufacture and sale of integrated circuit (IC) sockets and structure components. The Test Solution segment is involved in the provision of burn-in sockets, test sockets, probe pins, probe cards, as well as semiconductor test-related services. The Connector Solution segment is involved in the provision of various connectors and IC sockets for mounting use. The Optical-related segment offers filter products for optical equipment and optical communications. The Electronics Manufacturing Service (EMS) segment is engaged in the manufacture and sale of liquid-crystal-related components, as well as the assembling of printed boards for hard disc drives(HDD) and printers.
YAMAICHI ELECTRONICS CO., LTD. 
