Tenryu Saw Mfg. Co., Ltd. announces an Equity Buyback for 50,000 shares, representing 1.05% for ¥117 million.
May 26, 2014
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Tenryu Saw Mfg. Co., Ltd. (JASDAQ:5945) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 1.05% of the shares outstanding excluding treasury shares, at a price of ¥2,340 per share, for ¥117 million.
The company will make repurchases through Off-auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the program is to implement a flexible capital policy corresponding to changes in the business environment. As of April 30, 2014, the company had 4,765,175 shares outstanding excluding treasury shares and had 808,642 shares in treasury.
Tenryu Saw Mfg. Co., Ltd. is a Japan-based company mainly engaged in the manufacture, processing and sale of saws and cutting tools. The main products include saws and cutting tools such as carbide tip saws, metal saws, metal band saws, cutters, band saw blades, routers, circular knives, circular saw blades, miter saw blades, diamond tip saws, diamond cutters, diamond routers, steel centers for diamond saw blades and high speed steel (HSS) tools for ferrous metals, non-ferrous metals, wood materials, resin materials, ceramics and cement-based materials, paper and food processing, as well as related equipment such as processing machines for carbide tipped saw blades, automatic band saw welders, automatic band saw levelers and automatic band saw sharpeners. The Company operates within the domestic market and to overseas markets, including Asia, America and Europe.
TENRYU SAW MFG. CO., LTD. 
