Enplas Corporation announces an Equity Buyback for 500,000 shares, representing 4.35% for ¥1,500 million.
November 30, 2020 at 01:00 am EST
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Enplas Corporation (TSE:6961) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 4.35% of its share capital, for ¥1,500 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 November 27, 2020, the company had 11,481,082 shares outstanding (excluding treasury shares) and 6,751,815 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 
