Tranche Update on Nikki Co., Ltd.'s Equity Buyback Plan announced on February 22, 2023.
February 23, 2023 at 08:30 pm EST
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From February 22, 2023 to February 24, 2023, the company has repurchased 80,000 shares, representing 4.16% for ¥147.2 million. With this, the company has completed the repurchase of 80,000 shares, representing 4.16% for ¥147.2 million under the buyback announced on February 22, 2023.
NIKKI CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of equipment for automobiles, gas and multipurpose applications, as well as the real estate business. The Company operates in four business segments. The Gas Equipment segment is engaged in the manufacture and sale of electronic control units (ECU), injectors, injection systems, mixing equipment, vaporizers and regulators. The Multipurpose Equipment segment is engaged in the manufacture and sale of agricultural and industrial multipurpose carburetors, carburetors for marine vessels, and injection systems for two-wheeled vehicles. The Automobile Equipment segment is engaged in the manufacture and sale of throttle bodies, carburetors, accelerator wire units and actuators. The Real Estate Leasing segment is engaged in the leasing of real estate properties.