Sodick Co., Ltd. announces an Equity Buyback for 500,000 shares, representing 0.93% for ¥500 million.
August 09, 2022 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 500,000 shares, representing 0.93% of its share capital, for ¥500 million. The company will repurchase its shares in order to improve the value of shares through a flexible capital policy that responds to changes in the business environment and strengthening shareholder returns.
The repurchased shares will be cancelled. The program will run until September 9, 2022. As of July 31, 2022, the company had 53,640,973 shares outstanding (excluding treasury shares) and 4,151,266 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. 
