Hikari Tsushin, Inc. announces an Equity Buyback for 600,000 shares, representing 1.34% for ¥11,589.6 million.
December 26, 2022 at 03:00 am EST
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Hikari Tsushin, Inc. (TSE:9435) announces a share repurchase program. Under the program, the company will repurchase 600,000 shares, representing 1.34% of the outstanding shares for ¥11,589.6 million. The purpose of repurchase program is to carry out a flexible capital policy, increase corporate value over the medium to long term by enhancing dividends and share buybacks.
The program will run until February 21, 2023. As of September 30, 2022, the company had 44,812,725 shares outstanding and 236,917 shares in treasury.
Hikari Tsushin Inc is a holding company mainly engaged in the corporate service business, personal service business, and agency sales business. The Company operates through three business segments. The Corporate Service segment is engaged in the sale of products planned and developed in-house, such as communication line services, electric power, and various systems, to small and medium-sized enterprises. The Personal Service segment mainly sells products planned and developed in-house, such as communication line services and home water distribution, to individuals. The Agency Sales segment is engaged in the sale of various products such as telecommunications carriers, insurance companies, and manufacturers.
HIKARI TSUSHIN, INC. 
