Nippon Filcon Co., Ltd. announces an Equity Buyback for 600,000 shares, representing 2.73% for ¥360 million.
January 09, 2019 at 01:33 am EST
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Nippon Filcon Co., Ltd. (TSE:5942) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 2.73% of the outstanding shares for ¥360 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. The repurchase will run until January 9, 2020. As of November 30, 2018, the company had 21,972,457 shares outstanding and 194,754 shares in treasury.
NIPPON FILCON CO., LTD. is a Japan-based company mainly engaged in the provision of industrial filters and conveyors, electronic components and masks, environmental products, as well as the real estate leasing business. The Company has four business segments. The Industrial Functional Filters and Conveyors segment is engaged in the manufacture and sale of meshes for papermaking use, and various special meshes for industrial use. The Electronic Components and Masks segment is engaged in the manufacture and sale of photo etchings and photo masks, as well as the sale of solar power generation system equipment and electronic components. The Environment and Water Treatment segment is engaged in the design and sale of pool units, water treatment devices and other environmental products. The Real Estate Leasing segment is engaged in the leasing of stores and parking lots. The Company is also engaged in the import and sale of wines.
NIPPON FILCON CO., LTD. 