CK SAN-ETSU Co., Ltd. announces an Equity Buyback for 100,000 shares, representing 1.13% for ¥350 million.
March 17, 2020 at 03:00 am EDT
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CK SAN-ETSU Co., Ltd. (TSE:5757) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 1.13% of the outstanding shares for ¥350 million. The purpose of the program is to improve shareholder returns and capital efficiency, and to implement a flexible capital policy in response to changes in the business environment. The program will run until June 30, 2020. As of February 29, 2020, the company had 8,816,996 shares outstanding and 51,004 shares in treasury.
CK SAN-ETSU Co.,Ltd. is mainly engaged in the manufacture and sale of copper products. The Company operates in three business segments. The Wrought Copper segment is engaged in the manufacture of brass rods, brass wires and brass tubes which are materials for parts related to housing, home appliances, and automobiles. Production sites are the Tonami and Takaoka plants, the New Nitto plant and the Sakai plant. The Precision Parts segment is engaged in the forging and cutting of brass camera mount and faucet fittings. The Piping and Gilt segment is engaged in the manufacture of fittings used for water and gas piping. Hot-dip galvanizing is performed as a rust prevention treatment for steel materials. The main products include brass rods, brass wires, brass tubes, camera mounts, flare nuts, zarbos, plumbing equipment, and hot dip galvanizing.
CK SAN-ETSU CO., LTD. 
