Sinfonia Technology Co.,Ltd. announces an Equity Buyback for 1,300,000 shares, representing 4.38% for ¥1,631.5 million.
August 04, 2021 at 03:30 am EDT
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Sinfonia Technology Co.,Ltd. (TSE:6507) announces a share repurchase program. Under the program, the company will repurchase up to 1,300,000 shares, for a total purchase price of ¥1,631.5 million. The shares will be repurchased at a price of ¥1,255 per share. The purpose of the program is to enable flexible execution of capital policies in response to changes in the business environment in the future. As of July 30, 2021, the company had 29,663,620 issued shares (excluding treasury stock) and 125,502 treasury shares.
SINFONIA TECHNOLOGY CO., LTD. is a company mainly engaged in the manufacture and sale of motion equipment. The Company operates in three segments. The Motion Equipment segment is engaged in the manufacture and sale of digital photo printers, electrical components for space rockets and aircrafts use, electromagnetic clutch brakes and others. The Power Electronics Equipment segment is engaged in the manufacture and sale of vacuum melting furnaces, electricity generators, handling equipment for semiconductor manufacturing devices, electrical systems for iron and steel plant use, among others. The Support and Engineering segment is engaged in the construction and engineering of electrical equipment, the engineering of carrier systems for hospitals, the operation of warehousing and transportation businesses, the development of software and the provision of labor dispatch service, among others.
SINFONIA TECHNOLOGY CO.,LTD. 
