Chiyoda Integre Co.,Ltd. announces an Equity Buyback for 200,000 shares, representing 1.84% for ¥599.4 million.
December 14, 2023 at 02:30 am EST
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Chiyoda Integre Co.,Ltd. (TSE:6915) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 1.84% of its total shares outstanding (excluding treasury shares), for a total of ¥599.4 million. The shares will be repurchased at ¥2,997 per share.
The purpose of repurchase program is to improve shareholder returns based on the medium-term management plan and to implement a flexible capital policy that responds to changes in the business environment. As of November 30, 2023, the company had 10,849,710 shares outstanding (excluding treasury shares) and had 779,219 shares in treasury.
CHIYODA INTEGRE CO.,LTD. is a Japan-based company mainly engaged in the production and sale of mechanical parts and functional parts. The Company operates through three regional segments including Japan, Southeast Asia and China. The Company is mainly engaged in the manufacture of mechanical and functional parts for office automation (OA) equipment, audio and video (AV) equipment, communication equipment, automobiles and other products, and the sale of products mainly to electric manufacturers, as well as the sale of raw materials to subsidiaries, and the provision of royalties. The Company is also engaged in the reception of orders mainly from manufacturers of handicrafts and accessories, and the process and sale of felt products through a subsidiary.
CHIYODA INTEGRE CO.,LTD. 
