Tranche Update on Sodick Co., Ltd.'s Equity Buyback Plan announced on November 11, 2022.
May 24, 2023 at 02:00 am EDT
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From April 1, 2023 to May 22, 2023, the company has repurchased 567,800 shares, representing 1.1% for ¥416.69 million. With this, the company has completed the repurchase of 2,500,000 shares, representing 4.77% for ¥1,849.37 million under the buyback announced on November 11, 2022.
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. 
