Enplas Corporation announces an Equity Buyback for 1,250,000 shares, representing 12.75% for ¥5,000 million.
January 27, 2021 at 01:00 am EST
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Enplas Corporation (TSE:6961) announces a share repurchase program. Under the program, the company will repurchase up to 1,250,000 shares, representing 12.75% of its issued share capital, for total worth of ¥5,000 million. the purpose of the share repurchases is to enable flexible execution of capital policies in response to changes in the business environment. The program is valid till March 31, 2021. As of January 26, 2021, the company had 9,807,622 shares are in issue and 3,425,275 shares are in treasury.
ENPLAS CORPORATION is mainly engaged in the manufacture, processing and sale of various products made of engineering plastics and composite materials. The Company operates in three business segments. The Engineering Plastic segment manufactures and sells mechanical products used for high-precision gear-based office automation (OA) and telecommunications devices, among others. The Semiconductor Equipment segment offers integrated circuit (IC) sockets and others. The Optical segment offers optical communication devices and light-emitting diode (LED). The others business engages in the research and development related to the Company's businesses.
ENPLAS CORPORATION 
