Tomita Co., Ltd. announces an Equity Buyback for 470,100 shares, representing 8.47% for ¥417.45 million.
November 14, 2019 at 01:00 am EST
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Tomita Co., Ltd. (JASDAQ:8147) announces a share repurchase program. Under the program, the company will repurchase 470,100 shares, representing 8.47% of its share capital, for ¥417.45 million. The program will run until January 31, 2020. As of November 14, 2019, the company had 5,547,714 shares outstanding (excluding treasury shares) and 610,286 shares in treasury.
TOMITA CO.,LTD. is a Japan-based company mainly engaged in the sale of machine tools. The Company operates through four geography segments, including Japan, North America, Europe, Asia. The main machine products are general-purpose lathes, drilling machines, boring machines, broaching machines, and electrical machines. Tool equipment products are mainly pneumatic equipment, hydraulic equipment, cutting tools, electrical equipment, measuring equipment, machine equipment. The Company is also engaged in the provision of information consulting, mail order services and insurance sale services.
TOMITA CO., LTD. 
