Fuji Die Co.,Ltd. announces an Equity Buyback for 200,000 shares, representing 1% for ¥129.8 million.
December 22, 2020 at 02:30 am EST
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Fuji Die Co.,Ltd. (TSE:6167) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 1% of its outstanding shares for ¥129.8 million. The shares will be repurchased at a price of ¥649 per share. The purpose of the buyback is to be a part of a flexible capital policy that responds to changes in the business environment. The program will expire on December 23, 2020. As of September 30, 2020, the company had 19,999,929 shares outstanding and 71 shares in treasury.
Fuji Die Co.,Ltd. is a Japan-based company mainly engaged in the manufacture and sale of wear resistant tools with cemented carbide and cemented carbide chips. The Company is mainly engaged in the production of dies, plugs, grooved plugs, hot rolling rolls, cold forming rolls, high pressure generating tools, kneading tools, cutleries, automobile parts production molds, canning molds, battery related molds, optical element molding dies, powder molds, molds for semiconductor and electronic components, cemented carbide chips, steel products, ceramics products, copper tungsten alloys, diamond grinding wheels, solid lubricating composite materials (no friction metal), drawn steel pipes and other products.
FUJI DIE CO.,LTD. 
