Murata Manufacturing Skips Share Buyback in August

Murata Manufacturing (TYO:6981) skipped its buyback program in August, according to its filing on Monday.

The manufacturer of electronics components is allowed to repurchase up to 44 million shares (2.33% of total shares) for up to 80 billion yen, from April 30 to Oct. 31.

As of Aug. 31, the company has repurchased nearly 17 million shares for close to 50 billion yen.

Murata Manufacturing's shares shed over 3% at market close.

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