Sodick Co., Ltd. announces an Equity Buyback for 2,500,000 shares, for ¥2,500 million.
November 11, 2022 at 01:00 am EST
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Sodick Co., Ltd. (TSE:6143) announces a share repurchase program. Under the program, the company will repurchase 2,500,000 shares, representing 4.70% of its issued share capital, for ¥2,500 million. The purpose of the program is improve share value through enhanced shareholder returns and flexible capital policy that responds to changes in the business environment.
The repurchased shares will be cancelled. The program will run until August 4, 2023. As of October 31, 2022, the company had 53,140,948 shares issued (excluding treasury shares) and 4,151,291 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. 
