Enomoto Co.,Ltd. announces an Equity Buyback for 40,000 shares, representing 2.61% for ¥201.6 million.
February 17, 2017 at 02:28 am EST
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Enomoto Co.,Ltd. (JASDAQ:6928) announces a share repurchase program. Under the program, the company will repurchase up to 40,000 shares, representing 2.61% of its share capital for ¥201.6 million. The shares will be repurchased at the stock price of ¥5,040 per share via ToSTNeT-3. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. As of January 31, 2017, the company had 1,532,130 shares outstanding and 2,710 shares in treasury.
ENOMOTO Co.,Ltd. is a Japan-based company engaged in business related to processed products. The Company is engaged in the manufacture and sale of integrated circuit (IC) and transistor lead frames, optoelectronics lead frames and connector components. precision dies and peripheral devices used for manufacturing its products. In addition, the Company is also engaged in real estate leasing business. IC and transistor lead frames are used in consumer devices, industrial devices, and automobile parts. Optoelectronics lead frame products include LED displays, liquid crystal display backlights, automotive lamps, other lead frames used for other industrial and consumer LEDs and lighting LEDs. Connector parts are used to connect wiring in electronic circuits and optical communications.
ENOMOTO CO.,LTD. 
