Sinfonia Technology Co.,Ltd. announces an Equity Buyback for 118,600 shares, representing 0.4% for ¥125.36 million.
August 04, 2020 at 03:30 am EDT
Share
Sinfonia Technology Co.,Ltd. (TSE:6507) announces a share repurchase program. Under the program, the company will repurchase 118,600 shares, representing 0.4% of its share capital, at ¥1,057 per share for ¥125.36 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment. As of July 31, 2020, the company had 29,789,122 shares outstanding (excluding treasury shares) and 6,071 shares in treasury.
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. 
