Tomoegawa Co., Ltd. announces an Equity Buyback for 75,000 shares, representing 0.15% for ¥86.78 million.
November 08, 2018 at 02:30 am EST
Share
Tomoegawa Co., Ltd. (TSE:3878) announces a share repurchase program. Under the program, the company will repurchase up to 75,000 shares, representing 0.15% of its share capital, at ¥1,157 per share for ¥86.78 million. The company will repurchase its shares in order to improve capital efficiency and implement a flexible capital policy. As of September 30, 2018, the company had 51,453,773 shares outstanding (excluding treasury shares) and 493,258 shares in treasury.
Tomoegawa Corp, formerly Tomoegawa Co Ltd, is a Japan-based company mainly engaged in the manufacture of toner and electronic materials, as well as paper manufacturing and coated paper-related businesses. The Company operates business through five segments. The toner segment is engaged in the production and sale of toner. The electronic materials segment is engaged in the production and sale of flat panel display (FPD) related products and semiconductor related products. The functional paper segment produces and sells paper-related products, functional paper-related products, and coated paper-related products. The security media segment is engaged in the manufacture, processing, and sale of securities, cards, forms, magnetic recording-related products, as well as information processing-related businesses. The new development business is engaged in the development and sale of new products by integrating the basic and elemental technologies owned by the group.
TOMOEGAWA CORPORATION 
