Fenwal Controls of Japan, Ltd. announces an Equity Buyback for 50,000 shares, for ¥100 million.
December 05, 2021 at 11:00 pm EST
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Fenwal Controls of Japan, Ltd. (TSE:6870) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 0.88% of its issued share capital (excluding treasury stock) for ¥100 million. The purpose of the program is improve capital efficiency, implement agile capital policies in response to changes in the business environment, and return profits to shareholders. The program is valid till December 10, 2021. As of November 30, 2021, the company had 5,709,227 shares (excluding treasury stock) issued and 183,773 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. 