Enplas Corporation announces an Equity Buyback for 1,500,000 shares, representing 13.59% for ¥5,250 million.
December 10, 2020 at 04:00 am EST
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Enplas Corporation (TSE:6961) announces a share repurchase program. Under the program, the company will repurchase 1,500,000 shares, representing 13.59% of its share capital, for ¥5250 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until March 31, 2021. As of December 9, 2020, the company had 11,036,922 shares outstanding (excluding treasury shares) and 2,195,975 shares in treasury.
ENPLAS CORPORATION is mainly engaged in the manufacture, processing and sale of various products made of engineering plastics and composite materials. The Company operates in three business segments. The Engineering Plastic segment manufactures and sells mechanical products used for high-precision gear-based office automation (OA) and telecommunications devices, among others. The Semiconductor Equipment segment offers integrated circuit (IC) sockets and others. The Optical segment offers optical communication devices and light-emitting diode (LED). The others business engages in the research and development related to the Company's businesses.
ENPLAS CORPORATION 
