Mitsui High-tec, Inc. announces an Equity Buyback for 400,000 shares, representing 1.07% for ¥400 million.
June 11, 2019 at 02:30 am EDT
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Mitsui High-tec, Inc. (TSE:6966) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.07% of its share capital, for ¥400 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 share repurchase program will run until July 10, 2019. As of May 31, 2019, the company had 37,263,997 shares outstanding (excluding treasury shares) and 2,202,868 shares in treasury.
Mitsui High-tec, Inc. is a Japan-based company mainly engaged in the manufacture and sale of molds, electronic parts, electrical parts and machine tools. The Company operates through four business segments. The Mold segment is engaged in the manufacture and sale of stampers. The Electronic Components segment is engaged in the manufacture and sale of lead frames and integrated circuit (IC) assembly products. The Electrical Components segment is engaged in the manufacture and sale of motor core mold products. The Machine Tool segment is engaged in the manufacture and sale of surface grinders.
MITSUI HIGH-TEC, INC. 
