TPR Co., Ltd. announces an Equity Buyback for 800,000 shares, for ¥1,000 million.
May 12, 2022 at 11:00 pm EDT
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TPR Co., Ltd. (TSE:6463) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 common shares, representing 2.32% of its issued and outstanding shares, for total worth of ¥1,000 million. The purpose of the plan is to enhance shareholder returns and improve capital efficiency.
The plan will be valid up to December 23, 2022. As of March 31, 2022, the company had 34,489,533 shares issued and outstanding and 1,610,566 shares in its treasury.
TPR CO.,LTD. is a Japan-based company engaged in the manufacture and sale of piston rings, cylinder liners, valve seats, automotive exterior parts, automotive products, automotive inspection and aluminum products, among others. The Company is consisted of TPR group including four regional segments: Japan, Asia, North America, and other regions, as well as the Faltec Group segment which is as a management unit. TPR group provides piston rings, cylinder liners, valve seats, aluminum products, industrial plastic products, industrial rubber parts and temperature control valves. The Faltec Group segment provides automotive exterior parts including radiator grills, millimeter wave radar covers, and automotive products including remote control engine starters, roof rails, as well as automotive inspection and maintenance equipment.
TPR CO., LTD. 
