Fenwal Controls of Japan, Ltd. announces an Equity Buyback for 245,620 shares, representing 4.17% for ¥400 million.
November 22, 2019 at 01:00 am EST
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Fenwal Controls of Japan, Ltd. (TSE:6870) announces a share repurchase program. Under the program, the company will repurchase 245,620 shares, representing 4.17% of its share capital, for ¥400 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, along with aiming to improve capital efficiency. The program will run until December 30, 2019. As of October 31, 2019, the company had 5,892,601 shares outstanding (excluding treasury shares) and 399 shares in treasury.
Fenwal Controls of Japan, Ltd. is mainly engaged in development of products based on heat control technology. The Company operates in four business segments. Fire Prevention and Extinction segment develops, manufactures and sells fire detection equipment, firefighting equipment, fire alarm systems, explosion control system, high sensitivity smoke detection (SAS) system and overheat alarm system, as well as engages in provision of services of the systems. Temperature Control segment develops, manufactures, sells, designs and services temperature controller, hot plate and equipment for semiconductor manufacturing equipment, thermocouple for high temperature furnace and other temperature control equipment and services this system. Medical segment develops, designs, manufactures and services artificial kidney dialysis equipment and medical equipment. Printed Circuit Board segment engages in artwork design, noise countermeasure and printed circuit board mounting assembly.
FENWAL CONTROLS OF JAPAN, LTD. 