Sanyo Denki Co., Ltd. announces an Equity Buyback for 130,000 shares, representing 1.06% for ¥1,033.5 million.
November 07, 2017 at 02:30 am EST
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Sanyo Denki Co., Ltd. (TSE:6516)announces a share repurchase program. Under the program, the company will repurchase 130,000 shares, representing 1,06% of the outstanding shares, at ¥7,950 per share for ¥1,033.5 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of October 1, 2017, the company had 12,226,345 shares outstanding and 745,842 shares in treasury.
SANYO DENKI CO., LTD. is a Japan-based company engaged in the production and sale of cooling fans, power supply devices and servomotors. The Company operates through five geographic segments including Japan, North America, Europe, East Asia, Southeast Asia. The Company is engaged in the cooling system business, power system business and servo system business. The cooling system business is engaged in the development, manufacture and sale of cooling fans and cooling systems. The power systems business is engaged in the development, manufacture and sale of uninterruptible power supplies, engine generators and power conditioners for photovoltaic systems. The servo system business is engaged in the development, manufacture and sale of servo motors, stepping motors, encoders, drive units and control systems.
SANYO DENKI CO., LTD. 
