Nishikawa Keisoku Co., Ltd. announces an Equity Buyback for 60,000 shares, representing 1.75% for ¥157.2 million.
November 27, 2017 at 02:30 am EST
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Nishikawa Keisoku Co., Ltd. (JASDAQ:7500) announces a share repurchase program. Under the program, the company will repurchase 60,000 shares, representing 1.75% of the outstanding shares, at ¥2,620 per share for ¥157.2 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. As of October 31, 2017, the company had 3,423,599 shares outstanding and 8,876 shares in treasury.
NISHIKAWA KEISOKU CO., Ltd. is a company mainly engaged in the sale of engineering equipment. The Company operates in four businesses. The control and information equipment system business provides computers and computer systems for process automation (PA) and factory automation (FA) controlling, detection devices including thermometers and flow meters, as well as control equipment including controllers and sequencers. It also provides engineering services, software production, instrumentation works, and maintenance services. The measuring equipment business provides various electrometric tools, oscilloscopes, communication measurement instruments and measuring systems. The analytical instrument segment provides organic chemistry analyzers and inorganic analyzers, and produces software for data analysis. The industrial machinery and others business provides environmental testing devices, hydraulic equipment, pneumatic equipment, industrial robots and thermostat baths.
NISHIKAWA KEISOKU CO., LTD. 
