4 stories mentioning TYO:6525Updated 4d ago
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Kokusai Electric (TYO:6525) repurchased 565,900 common shares for about 5.30 billion yen from May 14 to July 27 through market purchases on the Tokyo Stock Exchange.The company repurchased 354,700 shares worth 3.43 billion yen during July, according to a Tuesday filing with the Tokyo Exchange.Shares of Kokusai Electric fell over 14% at market close.
The top five manufacturers of chipmaking equipment in Japan reported a 10% decline in Chinese sales in the fiscal year ended March 31, amid China's push to promote its own chipmaking equipment manufacturers, Nikkei Asia reported Sunday.The combined sales of Tokyo Electron (TYO:8035), Advantest (TYO:6857), Screen Holdings (TYO:7735), Disco (TYO:6146), and Kokusai Electric (TYO:6525) fell 12% in fiscal 2025 from fiscal 2024 to 1.47 trillion yen, the report said.Tokyo Electron's sales of chipmaking equipment in China for the January-March quarter accounted for 27% of the total compared with 34% a year earlier and from 50% in April-June 2024. Sales of the equipment in China for Tokyo Electron, Screen Holdings, and Kokusai declined nearly 20% on-year, led by weakness in front-end chipmaking equipment sales, it said.The market leveled off after Chinese chipmakers boosted investment ahead of escalating U.S.-China trade tensions, while increasing competition from domestic suppliers took a toll on Japanese, U.S., and European equipment makers' sales, the report said.Shares of Tokyo Electron and Advantest added nearly 1%, Disco's shares added over 3%, Kokusai Electric's shares rose over 2%, while those of Screen Holdings added nearly 4% in Monday morning trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Kokusai Electric (TYO:6525) decided to retire all treasury shares repurchased under its buyback program, effective Aug. 31, according to a Tokyo bourse filing.The buyback program authorized the repurchase of up to 1.5 million shares for up to 5.3 billion yen, with the repurchase period running from May 14 to July 31.As of May 31, the company held 4.46 million treasury shares against 233.7 million issued shares outstanding.
KKR HKE Investment, the principal shareholder of Kokusai Electric (TYO:6525), is selling all its shares in the company, representing 10.57% of total voting rights, via securities firms.Nomura Securities will coordinate purchase orders for the sale and will temporarily become a principal shareholder with an 11.55% voting stake after the transaction, according to a statement on Wednesday.Nomura has confirmed that it plans to immediately resell the shares in domestic and overseas markets and will cease to be a principal shareholder shortly thereafter.The sale is scheduled for May 22, with Nomura's temporary holding period expected to be brief due to its role as an intermediary.Kokusai Electric said that this change in principal shareholder will not impact its financial performance.
