Shinden Hightex Corporation announces an Equity Buyback for 110,000 shares, representing 6.51% for ¥130 million.
July 01, 2016 at 12:10 am EDT
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Shinden Hightex Corporation (JASDAQ:3131) announces a share repurchase program. Under the program, the company will repurchase up to 110,000 shares, representing 6.51% of its share capital, for a total of ¥130 million. The shares will be repurchased in order to enhance capital efficiency, implement a flexible capital policy corresponding to changes in the business environment and to improve shareholder returns. The repurchase program will expire on December 22, 2016. As of June 30, 2016, the company has 1,689,500 outstanding shares (treasury shares excluded) and 151,700 shares were held under treasury.
SHINDEN HIGHTEX CORPORATION is a Japan-based company mainly engaged in purchase and sale of liquid crystal, semiconductor and electronic equipment. It operates through Japan and overseas two geography segments. Liquid crystal products include liquid crystal modules used in car navigation systems, monitors and industrial equipment. Semiconductor products include memories, central processing units and graphics processing unit (CPU and GPU), foundries, application specific standard products (ASSP), application specific integrated circuit (ASIC), light emitting diodes (LED) used in hard disk drives, industrial equipment, liquid crystal modules, point-of-sale (POS) systems, printers and others. Electronic equipment products include inspection equipment, memory modules, and communication modules used in in-vehicle equipment and servers. It also provides battery related products. It purchases products from Taiwan, Korea, the United States and Japan and sells them to customers.
SHINDEN HIGHTEX CORPORATION 
