Murakami Corporation announces an Equity Buyback for 250,000 shares, for ¥723.5 million.
September 21, 2021 at 03:30 am EDT
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Murakami Corporation (TSE:7292) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 1.98% of its issued share capital for a total price of ¥723.5 million. The shares will repurchased at a price of ¥2,894 per share. The purpose of the program is to improve shareholder value and at the same time implement agile capital policies. The plan will be valid till September 22, 2021. As of September 21, 2021, the company has 12,639,040 shares in issue and 460,960 shares in treasury.
MURAKAMI CORPORATION is mainly engaged in the manufacture and sale of automotive rearview mirrors and fine glass. The Company operates in three segments. Products include mirror-related products such as mirrors with hydrophilic functions, electrochromic mirrors, aspherical mirrors, small electrical units, actuators, blind spot display mirrors, door mirrors with built-in feet lighting, and automatic electric retractable mirrors; optical thin film products such as dichroic mirrors, dichroic filters, cold mirrors, laser mirrors and concave molded mirrors; as well as mechanical products such as small actuator units, navigation stands, active spoilers and controllers.
MURAKAMI CORPORATION 