Sanyo Denki Co., Ltd. announces an Equity Buyback for 192,000 shares, representing 1.58% for ¥1,142.4 million.
February 05, 2024 at 02:30 am EST
Share
Sanyo Denki Co., Ltd. (TSE:6516) announces a share repurchase program. Under the program, the company will repurchase 192,000 shares, representing 1.58% of the outstanding shares, at ¥5,950 per share for ¥1,142.40 million. The purpose of the program is to carry out flexible capital policy in light of changes in the business environment.
As of December 31, 2023, the company had 12,117,814 shares (excluding treasury stock) outstanding and 854,373 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. 
