Arisawa Mfg. Co., Ltd. announces an Equity Buyback for 3,600,000 shares, representing 9.93% for ¥3,200 million.
August 27, 2019 at 02:30 am EDT
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Arisawa Mfg. Co., Ltd. (TSE:5208) announces a share repurchase program. Under the program, the company will repurchase up to 3,600,000 shares, representing 9.93% of its share capital, for ¥3,200 million. The company will repurchase its shares in order to enable a flexible capital policy in the future, along with aiming to enhance shareholder returns and improve capital efficiency. The share repurchase program will run until March 24, 2020. As of June 30, 2019, the company had 36,246,574 shares outstanding (excluding treasury shares) and 7,450 shares in treasury.
Arisawa Mfg Co Ltd is a Japan-based mainly engaged in the manufacturing and sales of electronic materials, display materials, electric insulation materials, and industrial structural materials. The Company operates through four segments. Electronic Materials segment produces materials for flexible and rigid printed wiring boards. Industrial Structural Materials segment produces filament winding (FW) moldings, aircraft honeycomb panels and prepregs, pultrusion moldings, fiber reinforced plastic (FRP) ski seats, and others. Electrical Insulation Materials segment produces glass cloth, glass tapes, and prepregs for electric insulation. Display Materials segment produces three-dimensional (3D) display filters, special optical components and others.
ARISAWA MFG. CO., LTD. 
