Micronics Japan Co.,Ltd. announces an Equity Buyback for 1,000,000 shares, representing 2.57% for ¥720 million.
November 14, 2018 at 01:37 am EST
Share
Micronics Japan Co., Ltd. (TSE:6871) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 2.57% of its share capital, for ¥720 million. The company will repurchase its shares in order to enhance shareholder returns and implement a flexible capital policy which responds to changes in the business environment. The share repurchase program will run until December 20, 2018. As of September 30, 2018, the company had 38,955,168 shares outstanding (excluding treasury shares) and 1,070,148 shares in treasury.
MICRONICS JAPAN CO., LTD. is a Japan-based company mainly engaged in the development, manufacture and sale of semiconductor measuring instruments, as well as semiconductor and liquid crystal display (LCD) testing equipment. The Company operates in two business segments. The Probe Card segment develops, manufactures and sells semiconductor measuring instruments, and provides related maintenance service. The Testing Equipment (TE) segment develops, manufactures and sells LCD testing equipment and semiconductor testing equipment, and provides related maintenance service.