Sodick Co., Ltd. announces an Equity Buyback for 2,000,000 shares, representing 4.25% for ¥1,000 million.
March 23, 2020 at 02:00 am EDT
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Sodick Co., Ltd. (TSE:6143) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 shares, representing 4.25% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to improve share value by enhancing shareholder returns and implementing a flexible capital policy in response to changes in the business environment. The program will run until June 12, 2020. As of March 13, 2020, the company had 47,043,117 shares outstanding (excluding treasury shares) and 6,407,799 shares in treasury.
Sodick Co., Ltd. is a Japan-based company mainly engaged in the equipment business. The Company has three business segments. The Machine Tool segment is mainly engaged in the development, manufacture, sale and maintenance of electric discharge equipment, machining centers and metal three-dimensional (3D) printers. The Industrial Machine segment is mainly engaged in the development, manufacture, sale and maintenance of horizontal injection molding equipment, vertical injection molding equipment and special-purpose molding equipment. The Food Machine segment is mainly engaged in the development, manufacture, sale and maintenance of noodle making equipment and rice cooking devices. The Company is also engaged in the manufacture and sale of mold and plastic molding products, the development, manufacture and sale of linear motor products and ceramics products, the development of hardware and software for numerical control (NC) devices, as well as the leasing of electric discharge equipment.
SODICK CO., LTD. 
