Pacific Industrial Co., Ltd. announces an Equity Buyback for 1,300,000 shares, representing 2.15% for ¥1,000 million.
April 27, 2022 at 02:40 am EDT
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Pacific Industrial Co., Ltd. (TSE:7250) announces a share repurchase program. Under the program, the company will repurchase 1,300,000 shares, representing 2.15% of the outstanding shares for ¥1,000 million. The purpose of the program is to enhance shareholder returns by improving the capital efficiency.
The program will run until August 31, 2022. As of March 31, 2022, the company had 60,580,241 shares outstanding and 732,655 shares in treasury.
PACIFIC INDUSTRIAL CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of press and resin products, and valve products. The Company operates through two business segments. The Press and Resin Product segment is mainly engaged in the manufacture and sale of wheel caps, engine covers, hood trunk hinges, oil pans and other press and resin products for automobile, as well as press molds, resin molds and other mold products. The Valve Product segment is mainly engaged in the manufacture and sale of tire valves, valve core products, air conditioning valves and other valve products, microcomputer control equipment and other electronic machine products, compressor related products, as well as tire pressure monitoring system (TPMS) products. The Other segment is mainly engaged in the processing of information by computer, the development and sale of software, and the provision of insurance agency service.
PACIFIC INDUSTRIAL CO., LTD. 
