Cosel Co., Ltd. announces an Equity Buyback for 1,000,000 shares, representing 2.93% for ¥1,000 million.
December 18, 2022 at 09:00 pm EST
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Cosel Co., Ltd. (TSE:6905) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 2.93% of the outstanding shares for ¥1,000 million. The purpose of the program is to implement agile capital policy and shareholder returns in response to changes in the business environment.
The program will run until May 12, 2023. As of November 20, 2022, the company had 34,086,534 shares outstanding and 1,625,466 shares in treasury.
COSEL CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of direct current (DC) stabilizing power supplies. The Company operates in five business segments. The Japan Production and Sales segment is engaged in the manufacture and sale of unit power supply, on-board power supply and noise filter, as well as manufacture of parts (transformers) used for power supplies. The North America Sales segment and Asia Sales segment are engaged in the manufacture and sale of unit power supply, on-board power supply and noise filter. The Europe Sales segment is engaged in the manufacture and sale of unit power supply, on-board power supply and noise filter, as well as own products. The China Production and Sales segment is engaged in manufacture of unit power supply and exports unit power supplies produced in China to sales companies.
COSEL CO., LTD. 
